tag:blogger.com,1999:blog-11719208.post6202183283796335910..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: Concern over the contraction in creditTimhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-11719208.post-8561131643149598812009-09-16T07:45:52.420-07:002009-09-16T07:45:52.420-07:00Amazing. Maybe Bernanke is saying the recession is...Amazing. Maybe Bernanke is saying the recession is over because we are on the verge of a depression.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-36307382795962121162009-09-15T20:17:39.435-07:002009-09-15T20:17:39.435-07:00The small businesses that we have been interviewin...The small businesses that we have been interviewing at www.start-a-business-faq.com continue to be caught in a downward spiral thanks to credit constrictions that grow worse rather than better. The Fed has announced that the recession is probably over but these small businesses are in decline. If credit is not restored at this most basic level of the economy, we will head into a double dip recession that will be hellish to get out of.<br /><br />Ron D<br />http://www.start-a-business-faq.comRon Dhttp://www.start-a-business-faq.comnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-84962082337360962832009-09-15T13:15:27.735-07:002009-09-15T13:15:27.735-07:00Reading further in the piece you cited...
"Y...Reading further in the piece you cited...<br /><br /><em><b>"Yes, I know, the newly created trillions of dollars that monetary authorities around the world have sent out to failing banks, auto companies, insurance companies, and others - much of that money is currently just sitting there as bank reserves, not entering the economy in the form of new bank loans that would have this sum leveraged up to who knows how many tens of trillions of dollars.<br /><br />Of course, that's today's story.<br /><br />Tomorrow's story (probably sometime next year) will be one of economies that have hit bottom, at which time, banks will be more willing to lend and consumers more willing to borrow. That's when all the newly printed money starts to create inflation."</b></em>Timhttps://www.blogger.com/profile/16530974968126497397noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-5593575104476147152009-09-15T11:48:10.676-07:002009-09-15T11:48:10.676-07:00Wait,wait, wait, Tim.
I thought They've been...Wait,wait, wait, Tim.<br /><br />I thought <a href="http://themessthatgreenspanmade.blogspot.com/2009/07/five-reasons-to-fear-inflation.html" rel="nofollow"> They've been printing so much money, it's got to go somewhere. </a><br /><br />It seems to me that all of that printing was just trying to counteract the destruction of credit as shown in M3. Is that right?Chuck Ponzihttps://www.blogger.com/profile/02563190232678709911noreply@blogger.com