tag:blogger.com,1999:blog-11719208.post347731682511446321..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: Stock market to Bernanke: "Hinting is not enough"Timhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-11719208.post-65936785260720576452008-10-07T19:03:00.000-07:002008-10-07T19:03:00.000-07:00FF's rates went to 1% early in the decade and that...FF's rates went to 1% early in the decade and that set off the great housing bubble and its subsequent crash. It looks like we're going back to 1%; however, preceeding the 1% FFR is extrodinary government intervention into the financial markets. <BR/><BR/>Not sure what asset is left to inflate but with the amount of money flying around -- this can't be healthy.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-53118996567921101622008-10-07T14:54:00.000-07:002008-10-07T14:54:00.000-07:00Oh well, no book tour for poor Ben.I imagine he fe...Oh well, no book tour for poor Ben.<BR/><BR/>I imagine he feels a little like the 3rd mate on a sinking ship (I hope you appreciate that I didn't drop the Titanic reference.....I could sing "The Wreck of the Edmund Fitzgerald" if you'd like.) finally reaching the bridge only to see the officers and crew already in the lifeboats rowing briskly away from the blighted vessel...sun settling slowly into the evening sky.<BR/><BR/>Oh well back to academe.Anonymousnoreply@blogger.com