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A massive staff of PhD's and sophisticated econometric models, what the Fed doesn't have is a...

A massive staff of PhD's and sophisticated econometric models, what the Fed doesn't have is a track record that inspires confidence, says Caroline Baum. "A group that refuses to acknowledge the key role monetary policy played in fueling ... serial bubbles, Fed officials want us to believe that this time they will get it right."
Comments (8)
  • Conversely I would not bet a lot on Caroline Baum's opinion....
    17 Feb 2011, 08:38 AM Reply Like
  • Ad hominem attacks are always a good segue to distract from a cogent argument.
    17 Feb 2011, 10:09 AM Reply Like
  • Fair enough...she is a follower of Austrian economics and therefore
    believes in self evident arguments ( meaning she offers no proof just that you
    should just accept it)....her market experience is 6 years as a muni
    bond salesman in the eighties....she is a witty writer but her analysis
    is less than rigorous.....
    17 Feb 2011, 11:47 AM Reply Like
  • And where is your analysis....people who put themselves out there with their opinions are easy about some insights to enlighten the rest of us ?
    17 Feb 2011, 11:53 AM Reply Like
  • I am data me data.....not just pithy words....
    17 Feb 2011, 12:32 PM Reply Like
  • They have always gotten it right; but unfortunately only for the banking cartel and certainly not for the American people.
    17 Feb 2011, 08:42 AM Reply Like
  • Any analysis short of true clairvoyance is going to be off the mark. Hell..the FED has been wrong so many times, probability actually is in their favor this time.


    72 hours before the 'Tech Wreck in 2000' Greenspan states he sees no impediment on the horizon to continued investment growth and prosperity.


    Spring of 2007 Mr. Bernanke states that while housing market is hot, he does not believe there are any big problems on the horizon even in the context of 2 Bear Stearns hedge funds about to fail because of bad mortgage loans and leveraged bets.


    Ms Baum is a great columnist and I have enjoyed her commentary on Bloomberg radio for years she is a smart cookie...and my money is on her rather than the hacks at the FED.
    17 Feb 2011, 08:54 AM Reply Like
  • its their (FED's) job to lead us off the cliff. Without a cliff one one of our political parties does not have a chance to get elected. It just depends how the cliff was created whether it benefits democrats or republicans.
    17 Feb 2011, 09:23 AM Reply Like
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