William Feader

No Relationship Between Shorting and Stock Prices

I think you have a great idea, but the timing it too early right now. There will no doubt be another market drop soon and everyone will once again run to treasuries.

Stop Calling This a Depression

Nice minimization.

Forecast 2008: Outlook for the US Economy

Well, son, I think you are about as close to an idiot as a sane person would like to be.

Is It Different This Time? Comparison To 1997

I don't see how adding liquidity to an already over liquid economy could ever be considered a good thing.

Perhaps it's time for you American's to take your lumps and deal with the underlying crisis rather than printing more money to temporarily patch up the system.

Through the Looking Glass: Alice in Liquidity Land

I didn't bother reading the entire article and I have a lot of respect for Posner, however, having sided with the bears during the last 14 months cost me a 30% increase in my investments. That's the amount that the Canadian TSX index has increased since all the hulla-ballo started about 'shaky' financial conditions and excess liquidity. I have no doubt that at some time in the not too distant future interest rates may rise to 6 or 7% and cause a sharp drop in the North American indexes, however, one could also make a reasonable argument that (1) the increased liquidity is first and foremost a response to the real rate of inflation in the US (some put this figure as high as 12%), and (2) the US is actually in a process of 'capitalizing' emerging markets such as Chindia and countries in South America since those locations are still using US currency.

Add to that the fact that corporate profits have been growing in the double digits for years and it looks like the economy is doing a swan dive rather than a belly flop and I have to wonder if the so called 'excess liquidity' is actually excessive at all?