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To: Roads End who wrote (374675)	9/20/2008 11:49:59 AM
From: Real Man	Respond to of 436258

Yup. Credit market is getting fixed. 700 billion should be enough to clean up the unhealthy credit mess, I think. The dollar will get the dump.

To: Roads End who wrote (374675)	9/20/2008 12:12:00 PM
From: Real Man	Read Replies (1) \| Respond to of 436258

Not on this. Rather, Volcker suggested that the government or FNM/FRE or some other institution lends into the market. The stuff of taking bad debt off the balance sheet is, well, very bearish for the dollar, and I don't think he ever suggested that. calculatedrisk.blogspot.com I think the other side of the fix will play out as the dollar drop due to extreme monetization involved. However, the deflationary side is getting fixed -g- I'm not sure how bad things mite get with the dollar/inflation.