patrick.net

Glad to hear it!

I nominate AF, since he is Comptroller already!

Dollar down the drain - futures up, long live the carry trade!

Larry was not a fan of QE-Yellen loves it and wants less than zero interest rates-she is the front runner

I like Anthony Weiner's chances.

smaulgld says

Larry was not a fan of QE-Yellen loves it and wants less than zero interest rates-she is the front runner

Yellen would be disastrous although the Fed by itself is a disaster. I think that more and more candidates are getting cold feet facing the reality of that train-wreck. Easier to put a woman up now, the PC gender-bias makes it harder to trash her horrid policies.

Liberals hated him, and, surprisingly, Wall Street viewed him negatively, as he seemed to be anti-QE to infinity. That's what the MSM is reporting, anyway.

egads101 says

larry was anti regulation, and has never admitted that stance was wrong. he fought for repeal of glass-steagal, he fought against regulation of derivatives.

he was abrasive, and nobody that worked with him supports him, not even his harvard colleagues.

he was singularly unqualified for this job, and Obama had his head up his butt to even think of nominating him.

Yellen on the other hand, is singularly qualified, overwhelmingly supported by economists and her past colleagues.

I agree with the first part. Larry is a free trade loving critter. But Janet Yellen is a dove and loves QE more than Bernake. perhaps that is why the oracle loves Yellen?? if she is nominated, she will implement turbo charged QE and Phoenix condos will soar to million dollars per condo??

Blurtman says

I like Anthony Weiner's chances.

At least Weiner will be sending pictures of his Weiner to women across the globe. Maybe he will put his weiner on the dollar note??

egads101 says

Inflation is dead, and employment is anything but full, so obviously, they should have their foot squarely on the gas pedal.

In one thread you scare people by saying that their rents with jump 10% in 3 years. In this thread, inflation is dead. Which one is it?

Also, nobody knows for sure when the Fed balance sheet is too big. At some point people will lose confidence, if we keep increasing it by 1T a year.

Agree with you that GOP prevented many reforms that could have been done. However, I don't think Obama was really eager to reform much in financial industry.

egads101 says

Inflation is at some of the lowest levels in history, and is staying there, yet you guys keep yacking about "ruining the dollar" I guess why let half a decade of facts interfere with a belief, right

Yeah housing jumps close to 30% in one year. Health care costs continue to climb at astronomical rates, wages continue to decline or flatline-oh yes inflation is dead.

Oh, and having been to Spain and Italy last year I can say the worst areas I encountered where pristine compared to Detroit, Stockton, heck even compared to San Francisco Tenderloin. Now let's not get started on AZ.. case closed ;)

egads101 says

I believe in a few years (3 to 5) we will see the economy growing faster

In which industry? All the jobs are being created in China, India, Phillipines etc. Unless the dollar collapses and matches those countries-there is no way we can compete against people living in dorms and making a pittance. Either our trade policy has to change-not going to happen-or something else has to give.

Now something new might come along. But we have structural issues- even that new industry if it comes will be offshored in a few years. It took decades of manufacturing growth in this country-before it could be offshored. But with software etc, it barely took one decade. The next new industry might be offshored in a year or two.

egads101 says

And, part of that is the better social nets those countries have, you know that evil socialism and all?

I have no problems with social nets and programs that are funded and a closed (no taking money out for any other purpose) system if the people in that area desire so and everybody participates all the time. Socialism vs capitalism is the same crap as left vs right and republicans vs democrats. You can fund insurance/safety net programs ahead of time and keep the budget balanced. It takes discipline and harsh punishment for fraud for everybody, printing money and giving it to the fraudsters is what QE is, so we're pretty much doing the opposite.

Call it Crazy says

Larry is looking for a job.... Anybody hiring??

The NAR doesn't want him?

"Exceptionalism" will be the USA showing these track records to its citizens.
The Public Be Suckered, here:
http://patrick.net/?p=1223928