Something worth reading...

[Martinghoul]

I thought I'd plug the one bit of punditry that I do really enjoy reading. It's well written, lucid and insightful, IMHO. I am referring to Jeremy Grantham's quarterly letters. The latest can be found here:
http://www.gmo.com/websitecontent/JGLetter_ALL_4Q09.pdf

 

[dhpar]

thanks for posting.

i agree with him almost 100% - fed will fuck it up once again and this time with the biggest fireworks.

i do not believe that low rates (especially short term) support economic activity significantly - they are rather corollary of it.

fed should promote a "good", "responsible" behavior - nothing else. that would reduce the likelihood of bubbles at the same time.

 

[unretired]

Thanks for the post !

 

[rcaldwell]

So these arrogant idiots (Summers and Geithner) are "finally" listening to the voice of reason a la Volcker after the house is leveled. Pathetic.