zanardm

Recent Policy Decisions and a Greater Depression

The more debt the gov runs up, the higher yields rise, and hence interest rates. Therefore this further shuts down the housing market. Why not get debt down, yields down, and hence interest rates down for houses, cars, and consumers in general? Thus the quickest way for the economic tide to rise for all of us? But a lot of time will be required. Is this too simple a plan to advance and execute? Forgot about the big banks; most of the banking system (8000+) is stable.

Thain's Undoing: Thinking He's Worth It

Change at Fed Reserve

Bring in Thain as Fed Reserve Bank top manager, together with an IT team to replace and upgrade software for security and reliability. Then bank management team. One needs bank management controls, and accountability and transparency, in order to minimize debt, other than congressional/adm budget debt, of course. The Fed has already shot an enormous wag, with NO result. It's time for a change to a conservative play. Close the windows! Bring in a team and a bank manager as head - Thain