tag:blogger.com,1999:blog-27697009.post7290654090271202273..comments2024-02-29T03:21:35.007-08:00Comments on The Great Depression of 2006 : Regulation, A Presidential Cure for the Nation? I think NOT!Jim in San Marcoshttp://www.blogger.com/profile/09435296419912935381noreply@blogger.comBlogger9125tag:blogger.com,1999:blog-27697009.post-40919031547028968472011-10-19T20:49:32.598-07:002011-10-19T20:49:32.598-07:00Hi Anon 12:49
In the past when there was a run on...Hi Anon 12:49<br /><br />In the past when there was a run on the banks, your money went "Poof." This time, there is no need to withdraw it, it is guaranteed by the state. The problem is, you can't print product, only dollars.<br /><br />As long as most of the money is kept in the banks, no problem. <br /><br />When you start to have serious withdrawals, that when the problems arise.<br /><br />The money is there, what it will buy isn't. It has already been bought by government spending.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-35045529005952705272011-10-18T05:12:02.806-07:002011-10-18T05:12:02.806-07:00http://www.calculatedriskblog.com/2011/10/feds-eva...http://www.calculatedriskblog.com/2011/10/feds-evans-suggests-raising-inflation.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-7613653115528418722011-10-15T12:49:08.791-07:002011-10-15T12:49:08.791-07:00Jim --
When you say "what is about to happen...Jim --<br /><br />When you say "what is about to happen will only destroy bank balances," are you referring to inflation or something else?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-31273020044488610592011-10-12T20:41:11.880-07:002011-10-12T20:41:11.880-07:00Hi Anon 11:59
Your on a train, I'm on a boat....Hi Anon 11:59<br /><br />Your on a train, I'm on a boat. Do we issue tickets for life boat seating or do we try to uncouple the Caboose from the rest of the train?<br /><br />The analogies kind of work, but what is about to happen will only destroy bank balances. Everything else will remain intact. Of course, that's not what people like me, of retirement age want to hearJim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-60642785129670291832011-10-12T20:22:51.051-07:002011-10-12T20:22:51.051-07:00Hi Shift
I agree. Its a little like building san...Hi Shift<br /><br />I agree. Its a little like building sand castles at the beach. You need wet sand to build them. And when the tide comes in, you make an effort to save your creation.<br /><br />The tide will win and we will build again. Financial markets presently seem oblivious to this cycle.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-81058606332481327422011-10-12T20:05:58.529-07:002011-10-12T20:05:58.529-07:00Hi 2Rational from Lima
Thank you for the complime...Hi 2Rational from Lima<br /><br />Thank you for the compliment. I guess I must have mentioned somewhere in the past of being from Pittsford New York, I haven't been back since 1974. Lima isn't far away from there. I can't figure out where they are fiddling with NG gas fracking. Naturally it probably has to do with the oil shale areas, great places to go camping. I remember a frying pan filled with bacon taking a 60 foot leap in the air at our camp site. Oil shale can be very explosive. We need to sic an environmentalistic Nazi on them.<br /><br />I think you will see more state workers given pink slips in the coming year, plus the real estates foreclosure mess in NY is starting to wind through the court system there.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-19045010501356213162011-10-12T19:30:04.020-07:002011-10-12T19:30:04.020-07:00Jim,
You made my evening with two hooker analogy i...Jim,<br />You made my evening with two hooker analogy in one note! I love the way you make your point. As always, enjoy your posts but with this kind of entertainment I had to chime in.<br /><br />I will share how dysfunctional things are in New York around regulations. State wants to create jobs so they are promoting Natural gas drilling which will involve Fracking, (wrong venue to debate the merrits of Fracking) through a 1,500 page regulatory document, with 60 days to review and comment. So, while the State and the President are trying to create jobs, pink slips have already been issued to 1,500 State workers effective 10/19/11. And I thought we had a Democrat for a Governor.<br /><br />2Rational from Lima<br />PS: I think of you every time I visit Pittsford.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-65768230817732376302011-10-11T06:08:30.562-07:002011-10-11T06:08:30.562-07:00We had a choice a few years back: Let the market t...We had a choice a few years back: Let the market take care of the financial mess, OR step in and create "too big to fail". <br /><br />Once the free market was circumvented, the only way that the banks could be held accountable was regulation.<br /><br />A person can try to spin the situation many different ways. I will find it interesting to hear an argument where market forces being circumvented does not require more regulation.<br /><br />There is cake, and there is eating of that cake. The to-big-to-fail bankers want both.Shiftnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-37569297394623566482011-10-08T23:59:06.267-07:002011-10-08T23:59:06.267-07:00Jim,
We're all on a runaway train that is gath...Jim,<br />We're all on a runaway train that is gathering speed. When it hits a sharp curve or the end of the line it is going to be a monstrous crash. I'm hoping and waiting for an opportunity to jump off into some soft patch or a river before the crash.<br /><br />Might need to learn Spanish. Argentina is becoming more and more appealing to me as the months go by.Anonymousnoreply@blogger.com