Friday, February 6, 2009
Alan Blinder and his two cents. It's worth a lot more...
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Foreclosure/Subprime,
Monetary Policy,
Recession,
Video Blogs
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"The problem with socialism is you eventually run out of other people's money" - Margaret Thatcher "The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design" - F.A. Hayek
3 comments:
I wonder what the retirees in Florida say today, those who are still there of course - any updates? :-)
Those old boys don't need rising condo prices any more ... they got free health care and free Viagra from Obama now! Pass the pipe I love Obamanomics!
Some day our financial markets will return to fundamentals too. Right now they seem to be trading on fear and not on earnings and cash flows. Sooner or later corporate and Treasury bond spreads will tighten, corporate profits will increase and small cap stocks will lead us out of the bear. The question is when not If…
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