Notes from Howard's Sabbatical from Working. The name comes from a 1998 lunch conversation. Someone asked if everything man knew was on the web. I answered "no" and off the top of my head said "Fidel Castro's favorite color". About every 6-12 months I've searched for this. It doesn't show up in the first 50 Google results (this blog is finally first for that search), AskJeeves says it's: red.
Well here's another. Remember all the talk about TIPS, here's an updated graph.
1 comment:
Anonymous
said...
Yes, Paulson, Bernanke et al have been printing money so fast they give it away for free to Wall Street.
Bernanke's theory is that the great depression was caused by too little liquidity (i.e., too little money). Of course, today's crisis is one of too much liquidity (Greeenspan's 10 year run of super low rates combined with zero regulatory oversight and fraud by major financial institutions), so the solution is.....let's see....
Of course.......more super low rates, no new regulatory oversight, and no real investigations into Wall Street frauds.
The 08-09 graph shows a nice recovery but at 10% unemployment and going higher, it ain't happening here, at least not unless you are a Wall Street Bonus Baby.
1 comment:
Yes, Paulson, Bernanke et al have been printing money so fast they give it away for free to Wall Street.
Bernanke's theory is that the great depression was caused by too little liquidity (i.e., too little money). Of course, today's crisis is one of too much liquidity (Greeenspan's 10 year run of super low rates combined with zero regulatory oversight and fraud by major financial institutions), so the solution is.....let's see....
Of course.......more super low rates, no new regulatory oversight, and no real investigations into Wall Street frauds.
The 08-09 graph shows a nice recovery but at 10% unemployment and going higher, it ain't happening here, at least not unless you are a Wall Street Bonus Baby.
TT
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