tag:blogger.com,1999:blog-6616959642391988608.post4431386340132222418..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Quick thoughts on Bernanke's speechScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-6616959642391988608.post-46502578206183275682010-08-28T13:07:43.732-07:002010-08-28T13:07:43.732-07:00PL:
Yes I own real estate PL. I guess that biases...PL:<br /><br />Yes I own real estate PL. I guess that biases me, but then other people own stocks, bonds, or are sitting on cash. <br /><br />But, putting aside our biases, the fact is we have banks that have extended loans (leverage) in nominal dollars on property. I believe (if memory serves) we have $1.4 trillion in commercial loans coming due 2014 that are underwater. <br /><br />If Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-56648919421045760462010-08-27T16:04:05.402-07:002010-08-27T16:04:05.402-07:00One-sided micro decisions that is...One-sided micro decisions that is...Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-87841782161497659592010-08-27T16:02:14.743-07:002010-08-27T16:02:14.743-07:00You must have a vested interest in raising real es...You must have a vested interest in raising real estate prices? Nothing wrong with that but micro decisions carried out by all lead to macro disasters.Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-81287290568363852072010-08-27T15:59:09.848-07:002010-08-27T15:59:09.848-07:00PL-Well, I am hoisting a brew to you PL. But, as ...PL-Well, I am hoisting a brew to you PL. But, as I cravenly beg for inflation.Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-61232273700268861182010-08-27T15:07:29.869-07:002010-08-27T15:07:29.869-07:00Benj,
Printing money and forcing inflation on the...Benj,<br /><br />Printing money and forcing inflation on the populace just isn't a long-term solution. We are now in that 'longer-term' because it has gone on in earnest for 30+ years. <br /><br />Bernanke believes he is smarter than everyone else. That by itself is almost reason for me to believe he will sink this country because he controls the keys to the Kingdom.Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-82526817794810735522010-08-27T14:30:35.425-07:002010-08-27T14:30:35.425-07:00Bernanke is still being too timid...we need an agg...Bernanke is still being too timid...we need an aggressive Fed, and inflation in the 4 to 5 percent range for a while. <br /><br />I agree with SG, that deficit spending is too high. Reagan had it up to 6 percent of GDP, but Obama is running at 10 percent of GDP. True, Reagan wasn't fighting two inherited wars, but still Obama has reached too high.<br /><br />PL, I love your comments, and Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-11431922675267502332010-08-27T13:31:12.129-07:002010-08-27T13:31:12.129-07:00'A government always finds itself obliged to r...'A government always finds itself obliged to resort to inflationary measures when it cannot negotiate loans and dare not levy taxes, because it has reason to fear that it will forfeit approval of the policy it is following if it reveals too soon the financial and general economic consequences of that policy. <br /><br />Thus inflation becomes the most important psychological resource of any Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-47073140558216524702010-08-27T13:26:45.142-07:002010-08-27T13:26:45.142-07:00I think it is remarkable how the market perked rig...I think it is remarkable how the market perked right up after his speech. I know...its friday and the shorts were taking profits ahead of the weekend..but still. Uncle Ben's still got it. <br /><br />Bro, good job on the GDP number. Came in right about where you said it would.Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-40478613250300870812010-08-27T09:52:27.052-07:002010-08-27T09:52:27.052-07:00Actually, I find it very worrisome the Fed is will...Actually, I find it very worrisome the Fed is willing to inflate at any cost rather than allow the market to naturally re-balance the disaster that was out of control fractional reserve banking. <br /><br />However, I am hoping we reach the end more quickly so we can truly start fresh and reevaluate long mis-held assumptions.Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-81040230681031064992010-08-27T08:33:35.511-07:002010-08-27T08:33:35.511-07:00GDP Numbers,,,Real Domestic Demand
came in at a st...GDP Numbers,,,Real Domestic Demand<br />came in at a strong 4.9%...Good for<br />Global GDP...Global GDP correlates<br />better with the S&P 500 than U.S. GDP...broderohttps://www.blogger.com/profile/12296214283216386700noreply@blogger.com