Comments on: Strong Moves from Bernanke

By: Grant

Grant — Tue, 24 Mar 2009 00:24:49 +0000

I agree completely, hayek.

I was just discussing with Winston last night what would be required to get the prices for “stuff” back to a reasonable level. Unfortunately this recession needs to last for quite a bit longer now that the government is propping up prices.

Our economy so badly needs to reset itself and the government is doing all it can to keep that from happening.

By: hayek

hayek — Sun, 22 Mar 2009 23:17:53 +0000

i’m here, i am out of ideas and unwilling to listen to anymore ideas that seem to want to “trick” or “game” the mkt into being good again…simply said, these guys print money, and are unwilling to allow for falling prices which would be great…hmmm lower home prices enticing first time home buyers, lower prices at the retail level giving the consumer a natural break during the downturn.

sadly all i see is more and more effort to halt falling asset prices and general prices, the end of this movie is a bad one, prices of everything moving higher at a faster rate than wages. hello 1970’s part duex, the only thing great about the 70’s is that the 80’s followed them, great hair, great music, and montages in every movie.

By: Winston

Winston — Sun, 22 Mar 2009 16:22:51 +0000

earth to HAYEK???!?!?

By: Winston

Winston — Thu, 19 Mar 2009 17:51:53 +0000

in my opinion, the United States is on the edge of becoming another case study of a super power imploding. there has never been a financial crisis like the one we are going through, but the underlying economics, i.e. debt (financing a debt problem) and money supply, of the situation can be related to many of the super powers in the history of the world, most recent and notably is 19th century england. things could be “different” for the United States this time around, but i’m not all that optimistic as laziness, greed, and stupidity is being rewarded and repaired by our government and it’s atrocious.

bernanke’s goal is to thwart a depression, which he’ll likely achieve. but is all of this best for the long run? i think not. Moore’s Law, relating to American productivity, ingenuity, and overall work ethic, will have to get churning because it’s going to take a lot to work our way out of this debt problem. and to that note, we’ve got a president who isn’t encouraging any of this.

everyone should have some gold in their portfolio, because our government and fed is playing russian roulette with the future of our currency and economy. also, U.S. treasuries will be the sale of a lifetime….EVENTUALLY. anyone trying to fight it right now is likely developing raging alcoholism. sort of all over the place on this reply, but it’s march and bball is taking precedence to sweating over our apes in washington. GOD SPEED.