Comments on: Dr. Paulson’s Bailout Prescription

By: HappyHappy

HappyHappy — Wed, 07 Jan 2009 14:52:24 +0000

Further Directions:

Take Rectally!

By: Pete

Pete — Wed, 07 Jan 2009 13:46:55 +0000

Expensive “sugar pills ” .

By: Cybernaught

Cybernaught — Wed, 07 Jan 2009 12:54:03 +0000

I laughed. Thanks. The next frame in the series (this is the best soap opera going) should be the doc giving the first jar of meds to his friends and substituting powder. Caption would have the doc saying something about the benefits of the placebo effect.

By: Paleo Pat

Paleo Pat — Wed, 07 Jan 2009 06:40:39 +0000

Very true.

By: Jim Greeen

Jim Greeen — Wed, 07 Jan 2009 06:11:24 +0000

Barry,

Marin Feldstein and Joesph Stiglitz were on Charlie Rose last night during the first half of the show. You should get a copy and veiw. Striking in there pessimissum. Two very, very pessimistic world class economist.

They pain a very bleak picture!!

Defiantly worth a watch!!!

Jim Green

~~~

BR: I check Charlie Rose every week — the videos show up 3-5 days after the show — I should have those posted by the weekend . . .

By: texasradio

texasradio — Wed, 07 Jan 2009 04:59:26 +0000

Hard at work for ACME Inc., I happened to glance at my favored indicators this afternoon and caught a whiff of something that smelled like…collapse. Then somebody turned on an exhaust fan. Very mysterious, that.

While I am more uncertain than ever, I disagree with those that are trying to overlay the 29-32 collapse timeframe over 07-10. Govt intervention delayed the initial decline…for a year. It follows that there will be no significant pause ’til the next leg down. Unless Bernanke’s face saving program opts to wreck the currency in lieu of more immediate deflation. He cannot possibly be unaware of the associated risks. But this is an empire: perhaps arrogance will trump intelligence, yet again.

By: DL

DL — Wed, 07 Jan 2009 01:57:01 +0000

Lars39 @ 8:08

Good one.

By: Lars39

Lars39 — Wed, 07 Jan 2009 01:08:11 +0000

Side effect: could be habit forming.

By: Pat G.

Pat G. — Wed, 07 Jan 2009 00:28:11 +0000

Like any medicine, symptoms for its continued use should be detailed. Taking taxpayer money should induce lending. NOT!

By: AGG

AGG — Wed, 07 Jan 2009 00:25:33 +0000

The Treasury’s sale of $8 billion in inflation-indexed notes at auction today drew the most demand in nine years, suggesting investors are concerned that inflation may accelerate along with government spending.
Somebody smells an inflation spike in the pipeline.
They are massively WRONG.
Paulson is gone in a couple of weeks. He did his part to help his buddies and hurt his enemies. He leaves office having preserved the status quo. The asset pyramid these pigs sit on is still intact even if the size is smaller; the pecking order hasn’t changed. Consequently things will get worse because the assholes are still in charge.
One thing that is improving is buying power of debtless individuals who are low in net worth. They weren’t leveradged to the moon like their rich counterparts were (are?). Until these many, many influential, rich individuals unwind their debts, inflation will not apear. So the Paulsons and Bernakies can print to the moon for now. That’s their “whatever”. When and IF that money escapes the greedy hands of the elite and gets to the average person, then you will have heavy duty inflation.
You see, the elite are in a quandary. They stole everything of value from 99% of the populace. They own the land, the police, the courts and anything else that counts. Their new “gilded age” hasn’t produced all the spoils of the previous one because of the law of diminishing returns. They are the ones who have most to lose now while the poor stiff is just saying, “what else is new?”. When you’ve got nothing to lose, you’ve got nothing to fear. Have a nice day, rich folks.