If Yellen's so concerned with income inequality there's a quick way to fix it: stop QE cold and let interest rates find their true unsuppressed market levels. Yes, the pain would be intense and no doubt some of the biggest over-leveraged banks would fail. But as in all contractions those failures would let light reach the forest floor as the banks left standing resume lending to actual businesses rather than living on the spread between free Fed QE money and the interest from Treasuries. We'd relatively quickly be on our way to a genuine recovery, the FIRST recovery since the 2008 implosion. As an added HUGE benefit the rise of interest rates to normal historic levels would FORCE government to halt its cancerous borrowing and spending. All that is required is that our control freak ruling class let go. But those for whom the meaning of life is power won't let go.
Who stutters more Greta van Susteren or Jimmy Stewart? Or anybody she interviews who automatically begins sympathetic stuttering too? Or, given a panel where all members suddenly become uncertain stammering fools and you actually feel your own iq points slipping away just by listening. S,s,s,so, who?
22 comments:
There is a viral video of a snake doing that.
Instead of alarms going off about a real man made problem, like the debt, the alarm is about 'man made global warming'.
Oh, and that Obama is disappointed by the world. The world disappoints Obama.
It all about timing your exit. The boomers are sneaking out through kitchen and stiffing their young after gorging themselves at the buffet.
Suckers!
Please link the video, Lem!
Thanks for that last element post btw.
I thought she did a pretty good job of deflecting questions from Bernie Sanders (Soc.-VT) that have no relevance to the Federal Reserve's role at all.
Why wasn't she saying this at the confirmation?
(I know...)
(Ritmo in 5, 4, 3...)
We are wired to over-reach. Estoy convencido.
Who has more spit in their mouth when they speak, Bernie Sanders or Peter Gammons?
E.J. Dionne.
snake eats itself. video duplicated a dozen times. no ad.
decapitated head of snake bites itself.
If Yellen's so concerned with income inequality there's a quick way to fix it: stop QE cold and let interest rates find their true unsuppressed market levels. Yes, the pain would be intense and no doubt some of the biggest over-leveraged banks would fail. But as in all contractions those failures would let light reach the forest floor as the banks left standing resume lending to actual businesses rather than living on the spread between free Fed QE money and the interest from Treasuries. We'd relatively quickly be on our way to a genuine recovery, the FIRST recovery since the 2008 implosion. As an added HUGE benefit the rise of interest rates to normal historic levels would FORCE government to halt its cancerous borrowing and spending. All that is required is that our control freak ruling class let go. But those for whom the meaning of life is power won't let go.
De nada, Lem
Who stutters more Greta van Susteren or Jimmy Stewart? Or anybody she interviews who automatically begins sympathetic stuttering too? Or, given a panel where all members suddenly become uncertain stammering fools and you actually feel your own iq points slipping away just by listening. S,s,s,so, who?
Maybe if we said it's racist to have too much debt.
Problem solved.
Where do I collect my Nobel Prize in economics check?
There is an MSNBC anchor saying Animal Farm is about income inequality.
Sure... Too much debt is racist.
There... two can play that game.
hashtag.
Use what people are paying attention to. Repurpose it to reduce the debt.
I've twitted it. that's how much convinced I am that making debt a racial problem ... wait.
Maybe I should delete that.
Too late. Some libs fell for it.
This is a better tweet... I hope.
Why Did @HillaryClinton Defend #BokoHaram? Because husband Bill was interested in a #harem of his own?
hashtag diplomacy.
@Lem: Bill's personal motto, Semper Infidelis, paints a target on his back. Hillary may detest her husband's peccadillo, but she wants him alive.
Don't be so sure about that Bagoh, I think the Boomers may end up paying the piper before they die off.
If things get really bad, the elderly are the most expendable.
If things just continue being mostly bad, Gen X isn't going to feel too bad letting them rot in shitty Obamacare approved nursing homes.
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