twaddle
Thinks s/he gets paid by the post
- Joined
- Jun 16, 2006
- Messages
- 1,703
Good blog article on our current meltdown:
Economist's View: How to End the Fear?
We live in interesting times. We have the usual recessionary slowdown. The usual asset bubble popping. The usual insolvencies and bankrupties. But an unusual widespread liquidity problem that the fed hasn't been able to fix.
What do you think of the idea of the fed providing liquidity to all comers? The pawnbroker of last resort?
I kind of like the idea. And I can't think of anything better. I don't especially like the idea of watching the banking system and "shadow" banking system melt down and take the real economy with it....
Economist's View: How to End the Fear?
We live in interesting times. We have the usual recessionary slowdown. The usual asset bubble popping. The usual insolvencies and bankrupties. But an unusual widespread liquidity problem that the fed hasn't been able to fix.
What do you think of the idea of the fed providing liquidity to all comers? The pawnbroker of last resort?
I kind of like the idea. And I can't think of anything better. I don't especially like the idea of watching the banking system and "shadow" banking system melt down and take the real economy with it....