tag:blogger.com,1999:blog-5624436327404149621.post421770560726502683..comments2024-03-28T06:10:48.758-07:00Comments on Quantitative Ease by Carola Binder: The Sword of GreenspanCarolahttp://www.blogger.com/profile/12783977056485775882noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5624436327404149621.post-30029636317780350132013-06-25T00:20:49.154-07:002013-06-25T00:20:49.154-07:00Greenspan was aa master of obfuscating his meaning...Greenspan was aa master of obfuscating his meaning -- if he ever had any. He managed to make it sound as if he had reasons for what he was doing, but in every case his reasons, if a meaning could even be found for them, could be read in several ways.<br /><br />The Fed has been saying since they started QE3 that they were NOT going to wait for the data. In other words, they were saying (nudge, nudge, hint, hint) that they were NOT going to be irresponsible in the future by allowing inflation to rise above their 2% ceiling (what it really is) despite the terrible employment data. This is the main reason why the program had no effect.Procopiushttps://www.blogger.com/profile/17554355440319405363noreply@blogger.comtag:blogger.com,1999:blog-5624436327404149621.post-20544790864490155522013-06-24T06:02:38.633-07:002013-06-24T06:02:38.633-07:00Great post
I might append this
Relatively mino...Great post <br /><br />I might append this <br /><br />Relatively minor <br />Gyrations in rates <br />..viewed by actual prospective borrowers and lenders <br />Are quite a bit less sensitive then speculators<br />With over leveraged positions<br /><br />That the fed attends to the "interests " <br />Of these specs rather then the agents operating<br /> the " real" economy<br />Deserves a deep ponder Owen Painehttps://www.blogger.com/profile/13675803406994867138noreply@blogger.com