user8240

Stagflation or Deflation?

Philman, is your proof that Paulson "is intentionally lying" and Bernanke an "academic fool" your investment losses?

The GSE losses were already socialized through implicit guarantees. So far, no gains to privatize (unfortunately).

BTW, I wonder how many folks complaining about the GSE takeover enjoyed lower cost/down payment mortgages to buy homes through the GSEs? Then, no complaints!

Stagflation or Deflation?

"in the hope that the complexity of the economy will confuse the majority of people."
Mr. Conrad demeans his own writings by confusing intentions with consequences. Does any rational person believe that Paulson et al are deliberately confusing the public? They are dealing with a tough economic situation created through fiscal incompetence starting with the Clinton administration that accelerated under Bush. Given the fact that we were virtually already on the hook for 6 trillion dollars of GSE bonds, their takeover 1) reassured current and future bondholders that the U.S. implied guarantee would be honored and 2) punished the stockholders and executives who were culprits or complicit in the GSE "keep the party going" crowd.

"And, the process is continuing."
Why do critics complain about the consequences of GSE and Bear Stearns takeovers but never offer a viable alternative that should have been taken?

"Gold, agricultural land and food products are good bets"
Great, another lets hide in the cellar with gold coins or become farmers as the answer.

Democracies respond to crises. When things get bad enough we will figure out the solutions or learn Chinese.

25 ETFs That Actually Are Making Money

I think baller miss understood Jim Wiandt's point re ETF fees. By comparison with mutual fund fees, all the leading ETFs are cheaper. His point is that the fees of leading ETFs were higher than under performing ETFs. Well, you get what you pay for (sometimes).