Comments on: Add $600 bn to Fed Balance Sheet http://www.aleablog.com/add-600-bn-to-fed-balance-sheet/ Alea Jacta Est Wed, 03 Mar 2010 18:43:34 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: jck http://www.aleablog.com/add-600-bn-to-fed-balance-sheet/#comment-2083 jck Tue, 25 Nov 2008 15:12:08 +0000 http://www.aleablog.com/?p=2070#comment-2083 i have rewatching the geithner testimony after the bear stearns rescue, he was alerted by the sec that they were in trouble, imagine that, this is a guy sitting in the middle of wall street who has to be alerted by the sec...couldn't believe it. i think the senators at the confirmation hearings should replay that tape and get obama to find somebody else... the purchase of mbs may be the start of some aggressive quantitative easing, we will see... i have rewatching the geithner testimony after the bear stearns rescue, he was alerted by the sec that they were in trouble, imagine that, this is a guy sitting in the middle of wall street who has to be alerted by the sec…couldn’t believe it. i think the senators at the confirmation hearings should replay that tape and get obama to find somebody else…
the purchase of mbs may be the start of some aggressive quantitative easing, we will see…

]]> By: David Merkel http://www.aleablog.com/add-600-bn-to-fed-balance-sheet/#comment-2082 David Merkel Tue, 25 Nov 2008 14:49:23 +0000 http://www.aleablog.com/?p=2070#comment-2082 jck, I'll have a post up on Geithner soon. Thus far I've only been leaving comments on other blogs. With respect to your other posts this morning, I would only say, "The beatings will continue until morale improves!" Their strategies have not worked so far, why should this new round? It would be better if they followed a simple inflationary policy to bring down the real value of accumulated debts, and force the other nations of the world to do the same. This includes China, which needs to let its currency appreciate, and use their reserves to buy goods and services from the rest of the world. jck, I’ll have a post up on Geithner soon. Thus far I’ve only been leaving comments on other blogs.

With respect to your other posts this morning, I would only say, “The beatings will continue until morale improves!” Their strategies have not worked so far, why should this new round?

It would be better if they followed a simple inflationary policy to bring down the real value of accumulated debts, and force the other nations of the world to do the same. This includes China, which needs to let its currency appreciate, and use their reserves to buy goods and services from the rest of the world.

]]>