Comments on: Links 1/3/08 http://www.nakedcapitalism.com/2009/01/links-1308.html Sun, 22 Nov 2009 18:20:39 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Anonymous http://www.nakedcapitalism.com/2009/01/links-1308.html#comment-31075 Anonymous Sun, 04 Jan 2009 05:49:00 +0000 http://www.nakedcapitalism.com/2009/01/links-1308-2/#comment-31075 I don't know if you can really say the Fed is not *attempting* quantitative easing. The problem is that they created so much credit it now occupies the vast majority of the money supply, and in a deflation it's easy to rapidly lose control of the credit side of the equation. Just because Bernanke cannot (yet) put a gun to bank presidents' heads and force them to lend, doesn't mean that isn't the outcome he's looking for.<br/><br/>This isn't to say that the Fed is not *also* pursuing industrial policy, it's favored industry obviously being finance and money shuffling of all kinds. I don’t know if you can really say the Fed is not *attempting* quantitative easing. The problem is that they created so much credit it now occupies the vast majority of the money supply, and in a deflation it’s easy to rapidly lose control of the credit side of the equation. Just because Bernanke cannot (yet) put a gun to bank presidents’ heads and force them to lend, doesn’t mean that isn’t the outcome he’s looking for.

This isn’t to say that the Fed is not *also* pursuing industrial policy, it’s favored industry obviously being finance and money shuffling of all kinds.

]]> By: ruetheday http://www.nakedcapitalism.com/2009/01/links-1308.html#comment-31074 ruetheday Sun, 04 Jan 2009 05:18:00 +0000 http://www.nakedcapitalism.com/2009/01/links-1308-2/#comment-31074 John Taylor (yes, THE John Taylor after whom the Taylor Rule is named) has publicly stated that the Fed has abandoned monetary policy and is now, in his opinion, pursuing industrial policy. He stated that what the Fed is doing is NOT quantitative easing, which he said would require targeting a money supply growth rate. Instead, the Fed is targeting specific sectors for direct investment, and this sort of overreaching will threaten their independence.<br/><br/>http://uk.reuters.com/article/companyNewsMolt/idUKTRE50306H20090104 John Taylor (yes, THE John Taylor after whom the Taylor Rule is named) has publicly stated that the Fed has abandoned monetary policy and is now, in his opinion, pursuing industrial policy. He stated that what the Fed is doing is NOT quantitative easing, which he said would require targeting a money supply growth rate. Instead, the Fed is targeting specific sectors for direct investment, and this sort of overreaching will threaten their independence.

http://uk.reuters.com/article/companyNewsMolt/idUKTRE50306H20090104

]]> By: Anonymous http://www.nakedcapitalism.com/2009/01/links-1308.html#comment-31073 Anonymous Sun, 04 Jan 2009 02:37:00 +0000 http://www.nakedcapitalism.com/2009/01/links-1308-2/#comment-31073 http://www.independent.ie/business/irish/pride-comes-before-a-fall-for-the-unwary-1591183.html<br/><br/>Irish banker chutzpah. loan loss doubles, dividend increases. http://www.independent.ie/business/irish/pride-comes-before-a-fall-for-the-unwary-1591183.html

Irish banker chutzpah. loan loss doubles, dividend increases.

]]> By: Anonymous http://www.nakedcapitalism.com/2009/01/links-1308.html#comment-31064 Anonymous Sat, 03 Jan 2009 23:56:00 +0000 http://www.nakedcapitalism.com/2009/01/links-1308-2/#comment-31064 DIA syndrome or mabe the closet is overflowing, thinking of instaling a crematoriom in there.<br/><br/>Skippy DIA syndrome or mabe the closet is overflowing, thinking of instaling a crematoriom in there.

Skippy

]]> By: Anonymous http://www.nakedcapitalism.com/2009/01/links-1308.html#comment-31062 Anonymous Sat, 03 Jan 2009 23:07:00 +0000 http://www.nakedcapitalism.com/2009/01/links-1308-2/#comment-31062 " <i>The softness of youth lost to the melancholy introspection of mid-life adult hood.</i>" - Skippy<br/><br/>You been on the sauce again, Skip? ” The softness of youth lost to the melancholy introspection of mid-life adult hood.” – Skippy

You been on the sauce again, Skip?

]]> By: Anonymous http://www.nakedcapitalism.com/2009/01/links-1308.html#comment-31051 Anonymous Sat, 03 Jan 2009 19:36:00 +0000 http://www.nakedcapitalism.com/2009/01/links-1308-2/#comment-31051 Israeli ground forces enter Gaza<br/><a HREF="http://news.yahoo.com/s/ap/20090103/ap_on_re_mi_ea/ml_israel_palestinians" REL="nofollow"> link</a> Israeli ground forces enter Gaza
link

]]> By: Anonymous http://www.nakedcapitalism.com/2009/01/links-1308.html#comment-31044 Anonymous Sat, 03 Jan 2009 17:45:00 +0000 http://www.nakedcapitalism.com/2009/01/links-1308-2/#comment-31044 @Antidote du jour, keep my family out of this please, show some decorum.<br/><br/>They are cute though, proud parent syndrome. Lets just hope they absorb good information in the the early years to kick start their life, unlike their father and his ancestors. The softness of youth lost to the melancholy introspection of mid-life adult hood.<br/><br/> <br/>Skippy @Antidote du jour, keep my family out of this please, show some decorum.

They are cute though, proud parent syndrome. Lets just hope they absorb good information in the the early years to kick start their life, unlike their father and his ancestors. The softness of youth lost to the melancholy introspection of mid-life adult hood.

Skippy

]]> By: Anonymous http://www.nakedcapitalism.com/2009/01/links-1308.html#comment-31043 Anonymous Sat, 03 Jan 2009 17:19:00 +0000 http://www.nakedcapitalism.com/2009/01/links-1308-2/#comment-31043 After seeing Benjamin Button I have a big crush on Cate Blanchett too. After seeing Benjamin Button I have a big crush on Cate Blanchett too.

]]> By: Anonymous http://www.nakedcapitalism.com/2009/01/links-1308.html#comment-31041 Anonymous Sat, 03 Jan 2009 16:40:00 +0000 http://www.nakedcapitalism.com/2009/01/links-1308-2/#comment-31041 A very interesting interview with money manager who has lots of cred:<br/><br/><a HREF="http://www.financialpost.com/news/story.html?id=1123647" REL="nofollow">Economic War</a> A very interesting interview with money manager who has lots of cred:

Economic War

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