mlyn

Geithner Could Use Some Communications Help

The criticisms are that his "plan" is just too general; nothing substantive to hang a hat on; no specifics, etc., etc., etc.

Has anyone ever thought that the intent of his "plan," regardless of the stock market, is some kind of message to other players like bondholders or sovereign wealth funds? Can one possibly imagine that the economic team is trying to engineer some kind of reaction outside of the expected Wall St. media reaction he is getting now?

The Fed would like nothing more than the U.S. dollar to devalue or, put the other way, have other currencies revalue up in relation to the U.S. dollar.

Instead of nationalize the banking system, if banks "voluntarily" went into Chapter 11 or something else without government "intervention."

I'm only speculating because I, for now, cannot agree that the economic team is "clueless." Obviously it is risky that the team will achieve the outcome it wants or an outcome it didn't want. It obviously it wants some kind of "spring cleaning." Only time will tell.