Paul Krugman economics: Deny, deny, deny!

[Ricter]

Quote from PiggyBank:

apparently that's what the berry pickers thought as well.

Both sides fucked up, and they alone need to deal with the consequences, no one else. Let's also not forget the fair lending act bullshit.. just another case of the govt sticking its nose where it doesn't belong and turning things upside down.

Truth in advertising laws?

 

[PHOENIX TRADING]

Quote from Tsing Tao:

Yes, but it's important to make the distinction that it's relative safety. It's like being the tallest midget. Equities are over valued. Euro debt is way too risky given the peripheral countries. Japan has gone where no man has gone before (but we will eventually). Commodities are in a bubble.

There is simply no asset class that offers the liquidity depth that Treasuries do.

Hell, the guys says all of this in the article. Even Gross at Pimco has said he buys treasuries, simply because everything else is "far worse".

This doesn't mean Quantitative Easing is a good thing, and your article is certainly not support for it. If anything, you are supporting my argument further. The Federal Reserve has distorted ALL asset classes with QE.

I for one don't buy the concept that both bond and equities can't implode simultaneously.

 

[PHOENIX TRADING]

Quote from Ricter:

"I am only insisting that it is the right path to follow now, compared to the alternative path some of you want the Fed to follow." That sounds like relative safety to me.

Without looking up the strict definition of "equilibrium", couldn't I say that the equilibrium theorists are correct, but that no one is willing to endure the volatility of "letting Nature run its course"?

It's a little disingenuous to invoke "letting nature run it's course" after a botched partial birth abortion was performed, and then referencing the negative outcome for the child.

 

[pspr]

Quote from PHOENIX TRADING:

I for one don't buy the concept that both bond and equities can't implode simultaneously.

They probably will when the fed reverses the QE's. When and how much is the question.

 

[PHOENIX TRADING]

Quote from pspr:

They probably will when the fed reverses the QE's. When and how much is the question.

The fed never intends to reverse QE to my knowledge or expectation.

 

[PiggyBank]

Quote from Ricter:

Truth in advertising laws?

uhmm no. Like if a borrower is borderline credit worthy you have to loan to them or you might be discriminating. Or 'disparate impact'.. what garbage.

 

[pspr]

Quote from PHOENIX TRADING:

The fed never intends to reverse QE to my knowledge or expectation.

Even just stopping additional QE will let the markets move back to equilibrium.

 

[Ricter]

Quote from PiggyBank:

uhmm no. Like if a borrower is borderline credit worthy you have to loan to them or you might be discriminating. Or 'disparate impact'.. what garbage.

What about cases where statistical analysis reveals a significant pattern of discrimination amongst otherwise equally qualified borrowers?

 

[PiggyBank]

Quote from Ricter:

What about cases where statistical analysis reveals a significant pattern of discrimination amongst otherwise equally qualified borrowers?

If they're private companies, it isn't the govt's business, though I don't condone the practice. (Assuming it actually exists)

 

[PHOENIX TRADING]

Quote from Ricter:

What about cases where statistical analysis reveals a significant pattern of discrimination amongst otherwise equally qualified borrowers?

Sounds like crappy statistical analysis to me.

No company purposely goes out to screw itself over dumbass.

Piggy covered my second point : None of your damn business even if they did.