The Fed has just fueled the treasury bubble even more….just like they fueled the housing bubble after the stock bubble burst They keep trying to fix the wrong problem. Instead of letting risk get priced back into the economy, they just keep trying to shift the excess risk around. They are robbing Peter to pay … Read more
This Madoff stuff is so out of hand in the media. The guy committed a crime and should be punished, but nobody seems to want to look at the real facts. If you give me $2 to invest, and I say I put it on the horse “Stupid Sucker” in the 5th at Belmont and … Read more
Bubbles are created from mass hysteria and delusion, not greed specifically. The reason the bond bubble is going to be so bad stems from the fact that the purchase is falsely assumed to be a safe, non-speculative position to take. The government can’t subsidize risk out of the markets very long, and interest rates are … Read more
Maybe we should prohibit them from paying bills with TARP money as well, god forbid they use any of it to run their business. If we are going to prohibit them from spending money on advertising and other endeavors that have proven to provide a good ROI, we might as well just shoot them in … Read more
Greenspan WAS the flaw in his free market model…because he altered free markets by lowering rates to boost the economy after the stock bubble burst. Plain and simple. Had free markets been allowed to correct after the bubble burst, we would have unwound the excess risk and leverage much sooner and with much less pain. … Read more
Have you noticed that Geithner’s voice cracks every time he says something he doesn’t really believe?
I have absolutely no sympathy for Madoff, but every time I see the clip on CNBC where the photographer keeps pushing him, it really disturbs me. Suddenly its no longer illegal to assault those we deem criminals? Maybe we should just start stoning people without a trial? And Joe Kernan (CNBC) suggests the photographer should … Read more
Bill Gross has the same silly smile on his face that Angelo Mozilo had at the peak of the real estate bubble. That should tell you something about the bond market.
Exactly what potential home buyers do they think are still out there. Most of those who would have been buyers at this period of time (in a normal market) were enticed to buy 2 years ago. A large portion of those buyers were pulled from future buying demand at that time, so we are currently … Read more
This just shows how stupid these guys are. At first it might seem they may save a couple bucks driving instead of flying, but the loss of time they aren’t doing their job while on the road has to amount to substantially more loss in paid wage than the savings from driving. Shouldn’t they be … Read more