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- Jan 2, 2006
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"When Germany, a country that knows a thing or two about the dangers of inflation, warns us to think again, maybe it's time for Chairman Bernanke to cease and desist... We don't want temporary, artificial economic growth bought at the expense of permanently higher inflation which will erode the value of our incomes and our savings."
source
I just have one question: Where was "momma grizzly" at when the Fed purchased somewhere along the lines of $1.5 trillion in US Treasuries and mortgage backed securities in late 2008 early 2009?
Probably licking her wounds from the election. Now she is an expert.... Great:shock:
I don't think its fair to call her a bimbo. I don't think there is any credible evidence of her cheating on her husband.
However, I do find it annoying that she never seems to realize how ill informed most of her opinions are.
You do realize that most of the industrialized world was in financial meltdown at the time, and that cash was being infused by governments everywhere to stabilize their banking systems ? You do realize that banks now already have plenty of cash-on-hand prior to this pumping ? You do realize that other governments, such as Germany, have rebounded nicely by implementing austerity measures, while the U.S. under Obama can't find its ass with both hands and a roadmap ?
This pumping of money is being roundly criticised by trading partners on every side of us. Frankly, one does not need to be much of an expert to see not only how bad an idea this is. Its pretty much back-door tax on the middle and lower classes that have no hedge against inflation, and will now have to pay more for just about everything, starting with gas and food.
Or maybe you don't see any of that, which would make Palin many degrees more enlightened than you. :roll:
Did you know that it does not take a purchasing program of $1.5 trillion to pull short term rates to zero? Of course not, because if you did, you would understand the notion behind credit easing is to induce inflation (such as now), and not to strictly provide liquidity. How do you induce inflation if investors are unwilling to take risk?
Answer: eliminate risk.
I will chalk it up to a simple IS/LM error on your behalf.
Eliminate risk ? What lala land is that ? The problem is not inflation, or lack of it. It is not the availability of money to lend.
Its the Obama government. Its looming fees and regulations and taxes on the horizon that have us stuck, to put it briefly. Other countries are not stuck. Do you have a friggin clue why not ?
Yes. They're not busy fighting Iraq and Afghanistan, nor are they funneling all their wealth into the hands of a few thousand corporate fatcats. They also don't base their economy around debt like we do.
Also, Sarah Palin's bust isn't nearly large enough for her to be a bimbo.
Eliminate risk ? What lala land is that ? The problem is not inflation, or lack of it. It is not the availability of money to lend.
Its the Obama government. Its looming fees and regulations and taxes on the horizon that have us stuck, to put it briefly. Other countries are not stuck. Do you have a friggin clue why not ?
What is laughable is that we have finance folks far and wide condemning this move, from perennial allies to constant antagonists. And yet some moonbat needs to take issue with Sarah Palin also saying its a bad idea. Friggin brilliant.
All i ask for is consistency. Your personal attack is noted.
Take your partisan cap off and think like an investor for a second. If banks can borrow close to zero, but choose to lend the government money for 10 years at around 2.5% interest, how do you force them into risk? By lowering risk! Pushing the 10 year yield under 2% would force banks to invest in other assets classes besides risk free treasuries. So instead of seeking yields of 2%, they will lend to private debt issuers @ 3%, thereby shortening the spread between high risk and low risk (this is known as lowering risk!).
Other countries such as Germany were not nearly as effected by the financial crisis. They rely heavily on exports.
Take your partisan cap off and think like an investor for a second. If banks can borrow close to zero, but choose to lend the government money for 10 years at around 2.5% interest, how do you force them into risk? By lowering risk! Pushing the 10 year yield under 2% would force banks to invest in other assets classes besides risk free treasuries. So instead of seeking yields of 2%, they will lend to private debt issuers @ 3%, thereby shortening the spread between high risk and low risk (this is known as lowering risk!).
Other countries such as Germany were not nearly as effected by the financial crisis. They rely heavily on exports.
I have another question: Where was "momma grizzly" at when the seven newest states were added to the union? How ill informed can one be to think there are still just 50 states?
Way to deflect from your hero palin with a totally irrelevant slip of the tongue by a tired politician!
Way to deflect from your hero palin with a totally irrelevant slip of the tongue by a tired politician!
source
I just have one question: Where was "momma grizzly" at when the Fed purchased somewhere along the lines of $1.5 trillion in US Treasuries and mortgage backed securities in late 2008 early 2009?
Probably licking her wounds from the election. Now she is an expert.... Great:shock:
source
I just have one question: Where was "momma grizzly" at when the Fed purchased somewhere along the lines of $1.5 trillion in US Treasuries and mortgage backed securities in late 2008 early 2009?
Probably licking her wounds from the election. Now she is an expert.... Great:shock:
However, I do find it annoying that she never seems to realize how ill informed most of her opinions are.
Take your partisan cap off and think like an investor for a second. If banks can borrow close to zero, but choose to lend the government money for 10 years at around 2.5% interest, how do you force them into risk?
Come on, Sarah can see Russia from her house.
again, i find it hilarious that left-wingers use this to attack her lack of knowledge.... apparently not knowing themselves that this is a Tina Fey quote... :lol:
They're our next-door neighbors, and you can actually see Russia from land here in Alaska, from an island in Alaska."
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