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  • Obama's Stimulus Package is Morphing Into a Monster
    To show you what we are dealing with (lawyers) : how cone it is always 'stimulus package' , and not a debt package? Only the (historical rapid?) gasoline drop off was a true debt free stimulus package; courtesy of perhaps a depression.
    Dec 05 02:10 am |Rating: +2 0 |Link to Comment |View article
  • Can Obama Stop the Current Recession?
    From above:
    'in an evident state of panic Bernanke expanded the monetary base from $980,914 billion on 8 October to $1,233,679, on 5 November, a 24.7 per cent increase.'

    Can anyone stop the D.C. Debt Machine of the Fed, Congress, and new and old administration? Who can say NO to more debt? Must it be the marketplace - old fashion basic supply and demand?

    Also the Fed chairman is too much responsibility for one person, and appears to be too much command and control; so too for current Treasurer. So perhaps the ECB model of a Governing Council would be better, in addition to an executive board. See en.wikipedia.org/wiki/...
    Dec 03 00:53 am |Rating: +2 0 |Link to Comment |View article
  • Bernanke's Great Lie: The Gold Standard and the Great Depression
    Gold standard vs confidence in Fed. The currency notes we have in our pocket states at the top: Federal Reserve Note. So our money is based on our confidence in the Federal Reserve, and hence with it's closely associated treasuries market. Is the Federal Reserve being managed like other district reserve banks? Is there transparency and accountability? Are there banking controls? Or is everyone there on there own? How much does an economist know or care about bank managing? Do we need a conservative banker and team at the Federal Reserve? We re-did the 1930 economic experiment, but this time with the Fed faucet (money) turned on full blast, with no effect. It's time for a real change of direction and leadership at the Fed. Just say NO to more debt windows. It's the DEBT, stupid! p.s. now days, probably all economist are innovative and aggressive. It's time for a bit of reality - called a banker.
    Dec 29 00:20 am |Rating: +1 0 |Link to Comment |View article
  • Can Obama Make Sense of All This Debt?
    Is the Fed creating a treasury market bubble by pushing new supply (i.e. another window opening)? Has the Fed become a debt machine? 'Quantitative easing' is a euphemism for more debt. How do we stop the debt machine in debt city i.e. D.C.? i thought defending the value of the dollar was one of the functions of the Fed. Europeans understand the importance of preserving a currency's value. Who will just say No to more debt? Market forces, of course, in the guise of creditors.The private sector is deleveraging, whereas the public sector is cranking up the debt machine, courtesy of the Fed and politicians. Increasing debt is the 25 yr cause of the problem , not part of the solution.
    Nov 27 22:16 pm |Rating: +1 0 |Link to Comment |View article
  • Obama wants to help pay for the country's new financial programs by slashing deadweight from the federal budget. "We can’t sustain...programs that have outlived their usefulness or exist solely because of the power of politicians, lobbyists or interest groups. We simply can’t afford it.”
    The pentagon is probably the only place to cut; unless one wants to take on COLAs, ss, medicare etc. He's talking the talk again, but can he walk the walk? The vote on bailout of wall street was a definite non-starter.
    Nov 27 00:13 am |Rating: +1 0 |Link to Comment |View news story
  • Living on Debt Gives Way to Fiscal Prudence
    The obvious fallacy is that all aspects of society and economy have to work off debt, except for the federal gov. All bubbles have to deflate in an extreme deleveraging environment. So the politicians as usual are playing the only card they have - debt; they call it a 'stimulus package'. Hopefully the treasury market and dollar don't tank; if only the gov would avoid the temptation of low yield borrowing, and resultant increased supply of treasuries - and eventual effect on price and the dollar.
    Nov 26 23:34 pm |Rating: +1 0 |Link to Comment |View article
  • The Great Experiment
    Debt (building for 25 yrs) is the cause of the present problem. More debt is not the solution. Markets are deleveraging; but not the government. What is the logical extrapolation? You mean, governments (politicians) don't have to deleverage? Repeating 'Bubbles Law': in an extreme deleveraging environment, ALL bubbles have to deflate.
    Nov 25 00:49 am |Rating: +1 0 |Link to Comment |View article
  • Feds Roll Out Heavy Artillery: Annotated Statement
    Too much debt is the problem; not the solution. The private sector is deleveraging the house of debt cards; whereas the public sector is leveraging up, with tremendous debt increase. The VIX is fading, supply is enormous; and what about demand in 2009+? In these extreme times, might th treasury market start behaving unusual; such as abrupt profit taking and stamped in order to protect profits?
    Dec 17 03:37 am |Rating: 0 0 |Link to Comment |View article
  • Why Did Warren and Hank Invest in Goldman?
    Perhaps a foresighted play for anyone including GS, if indeed a worse case scenario of treasuries and dollar collapse ensues, courtesy of our generous Fed and politicians, might be as follows:
    In regards to banking, start up a N. American Eurocard, with N. American checks, and even N. American ATM - all in U.S. dollars for now. But if the worse case scenario unfolds, then shifting to Eurodollar accounting, for practical marketing reasons, would seem an advantage. Of course N. American would be in small print. We might end up with dual currencies, if supple and demand undermine the T-market.
    Dec 07 23:44 pm |Rating: 0 0 |Link to Comment |View article
  • Excessive Systemic Debt: The Primary Cause of Our Current Crisis
    Neither Congress, new or old adm, nor the Fed, can say no to more debt, the cause, not the solution, to our current private sector deleveraging environment. The Fed is critical, and must be re-structured now as an Advisory Council of 5-7 economists in lieu of just a Fed chairman. This could be somewhat modeled after the ECB; en.wikipedia.org/wiki/... . Command and control of the money tree is too important to be entrusted to one or two. Such Advisory Council would have open voting, with the majority deciding; all minutes would be open, and dissent would be encouraged. Will Congress investigate the current Fed and it's loose actions; might even a Grand Jury be required, if all accounting is not legal etc.?
    Dec 05 00:17 am |Rating: 0 0 |Link to Comment |View article
  • Looking for Precedent in the Dollar's Behavior During Recession
    What was the dollars behavior in the 30's; another severe environment?
    Dec 04 00:27 am |Rating: 0 0 |Link to Comment |View article
  • Can Obama Stop the Current Recession?
    If that were so, then opening a new Electoral College would be the next logical step.


    On Dec 02 05:58 PM Socialism cannot compete! wrote:

    > Obama may not be a "natural born citizen"...the Supreme Court is
    > scheduled to conference on the matter on Friday. Stay tuned -- he
    > may not be Prez after all.
    Dec 03 00:42 am |Rating: 0 0 |Link to Comment |View article
  • Plosser: Prior to the crisis, Fed lending typically amounted to less than 1% of total Fed assets; now it's nearly 50%. Says he's not worried about deflation, but that the Fed must help anchor market expectations or risk self-fulfilling prophecies.
    It's too much responsibility for 1 person. Restructure the Fed, and have 5 top administrators, in addition to governors. And let the majority decide.
    Dec 03 00:12 am |Rating: 0 0 |Link to Comment |View news story
  • Shorting U.S. Government Risk
    The Fed is out of control. It has turned into a debt ('quantitative easing') machine. The T-market will turn. Dead cat bounce dollar - here we come.
    Nov 27 22:37 pm |Rating: 0 0 |Link to Comment |View article
  • The Race to Zero Interest Rates
    'Quantitative easing', a euphemism for more debt. Open another window; allow free flow of debt. How do we stop the debt machine in debt city i.e. D.C.? i thought defending the value of the dollar was one of the functions of the Fed. Europeans understand the importance of preserving a currency's value. Who will just say No to more debt? Market forces, of course.The private sector is deleveraging, whereas the public sector is cranking up the debt machine, courtesy of the Fed and politicians.
    Nov 27 22:01 pm |Rating: 0 0 |Link to Comment |View article

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