Comments on: Even Minsky Would be Shocked at This “Moment”

By: Simon

Simon — Sat, 30 May 2009 02:01:19 +0000

Really great read.

Thanks Jack.

By: StockSeekr

StockSeekr — Fri, 29 May 2009 21:00:24 +0000

Money doesn’t grow on trees for most of America. We sit down at our kitchen tables and write out checks to the phone-company, electric company, credit card-company, mortgage-company, and auto finance company every month. We clip coupons and go to the grocery store every week to put food in the mouths of our children. This is what our parents did before us. bankers selling our childrens futures..for more bailouts? the disgrace. it's horrible. too big to fail needs to fail. we neeed LESS bailouts. If you fail U fail. Tons of informative articles. I came across this interesting site..check it out Econ & Finance Articles Updated Daily DISGRACE THESE CROOKS! ANYTHING TO MAKE THE MARKET GO UP, HUH?

By: leftback

leftback — Fri, 29 May 2009 13:12:15 +0000

In the blue corner, creative destruction. In the red corner, government and the zombie banking system. The battle continues. The bond market was sending a warning shot to the Fed this week. We will revisit this moment.

By: davossherman@gmail.com

davossherman@gmail.com — Fri, 29 May 2009 12:05:13 +0000

Really, really great read!

This: “Creative destruction and the healthy clearing away of the cyclical debris shouldn’t be stymied.” reminded me of: “But the process of cure was misdiagnosed as the disease: if shortage of bank reserves was causing a business decline-argued economic interventionists-why not find a way of supplying increased reserves to the banks so they never need be short! ” ~Greenspan 1966 (later autographed for a congressman in the early 2000s and he was told Greenspan still believed in that article.)