Bernanke’s QE2 Averts Deflation, Spurs Rally, Credit

[Tsing Tao]

Quote from Martinghoul:

Why is it that hedonic adjustments and OER dubious and worthless? Who says you take out food and energy? Both core and headline numbers are published, aren't they? The reason the Fed cares more about the core is simply because experience shows that, most of the time, there's not much a CB can do about prices of food and energy.

i do not understand how you can say CBs cannot do much about the prices of food an energy, given the correlation we have seen in commodities and the federal reserve's monetary policy stance. i just dont get it.

 

[Tsing Tao]

Quote from Kassz007:

How would you like to have your home price plummet even more than it already has?

i want my home price to normalize and avoid being inflated to prices it had no business being in the first place.

i certainly dont want the country to implode simply because i want my home price to stay "where it is".

 

[Tsing Tao]

Quote from SCI new york:

It has to benefit the banks at first, otherwise it wouldn't work. Banks provide credit and capital. It all trickles down from there to the little guy. You can't start the process with the little guy, that would never work. Now alternately I think that the banks have been to cautious and not releasing enough credit quickly enough which is extending this lull, and the government should in effect just force them to lend more, but I don't see that happening.

if banks were in the business of banking, your comments would be correct. but ever since the destruction of Glass-Steagall, that is no longer the case. therefore, the entire premise of your argument is no longer applicable as banks do not have to lend anymore, and instead can take the "benefit" provided to them by the Fed and do something else besides lending with it. and they most certainly do.

 

[SCI new york]

Quote from Tsing Tao:

the first part of your text was so foolhardy it wasn't worth the time to respond. but you call me a liberal, and that's hilarious. i'm a republican, and a fiscal conservative. and stop saying i'm blaming wall street. i've said it 5 times now in this thread. i blame the fed, that's all.

darwinism, is it? only the strong survive? perhaps you can explain all those companies that were bailed out. or maybe darwinism has a special clause in it for TBTF? you miss the point of everything i've said (and everything that has happened). i WANT darwinism. the problem is that the Fed hasn't allowed darwinism. just the opposite.

haha...

It's obvious that you really have no idea what happened, why it happened, and what all of the effects were.

 

[Tsing Tao]

Quote from olias:

I'm quite, quite confident that I'm no fool. You've called me that before based merely on the fact that I think Bernanke is making the right decisions. How is it I find myself in agreement with James Stock, professor of economics at Harvard University? ...And a host of other economists that have half a brain

...whereas you find yourself in agreement with Sarah Palin, Michelle Bachman, etc?

Seriously bro, give up this line of 'anyone who thinks Bernanke is doing a good job is a fool' (paraphrasing you). It exposes you as the fool actually. Who are you listening to?

next you're going to start quoting krugman. seriously, you want to know who i listen to? anyone in the austrian school - not keynesian eCONomics professors who think the only answer to the quandry that stimulus hasn't worked well is to double it.

 

[Tsing Tao]

Quote from SCI new york:

It's obvious that you really have no idea what happened, why it happened, and what all of the effects were.

and it's obvious to me that your head is permanently stuffed up your arse - or you're on the payroll of a big bank or the fed. or both.

probably both.

 

[Kassz007]

Quote from Tsing Tao:

i want my home price to normalize and avoid being inflated to prices it had no business being in the first place.

i certainly dont want the country to implode simply because i want my home price to stay "where it is".

"normalize"? What is the "normal" price? Who decides what price is "normal"?

 

[SCI new york]

Quote from Kassz007:

"normalize"? What is the "normal" price? Who decides what price is "normal"?

don't you get it? HE decides what the 'normal' price is, just like the rest of Joe public out there. They missed the supply/demand lesson from econ 101.

 

[Tsing Tao]

Quote from Kassz007:

"normalize"? What is the "normal" price? Who decides what price is "normal"?

i would answer "supply and demand under historically average monetary conditions". i would be happy to debate if you feel otherwise.

 

[Tsing Tao]

Quote from SCI new york:

don't you get it? HE decides what the 'normal' price is, just like the rest of Joe public out there. They missed the supply/demand lesson from econ 101.

sorry, are you trying to answer for me? the only thing we "get" about you is your lack of understanding in anything relative to the current situation we live in.

go back to your propaganada.