tag:blogger.com,1999:blog-2761684730989137546.post5982115194783854559..comments2024-03-18T19:09:18.510-04:00Comments on Mike Norman Economics: Meredith Whitney has a severe case of cognitive dissonancemike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2761684730989137546.post-65261399488997792272009-04-13T00:13:00.000-04:002009-04-13T00:13:00.000-04:00You are still doing economics? Why?You are still doing economics? Why?Anonymoushttps://www.blogger.com/profile/10888645159477947338noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-33742636286663180552009-04-07T11:20:00.000-04:002009-04-07T11:20:00.000-04:00Jill,I'll go you one up. If the Fed had not raised...Jill,<BR/><BR/>I'll go you one up. If the Fed had not raised interest rates to fight a demand-driven rise in oil prices, there never would have been a real estate bust. Inflation targeting by central banks is a fad and doesn't work.<BR/><BR/>History will show that the Fed's rate hikes did to the economy exactly what Volker's rate hikes did to the economy in the early 1980s: increase inflation and bring on a disastrous recession.mike normanhttps://www.blogger.com/profile/03296006882513340747noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-29138922122556485122009-04-07T11:17:00.000-04:002009-04-07T11:17:00.000-04:00Yes, Steve Forbes is a goofy guy who grew up with ...Yes, Steve Forbes is a goofy guy who grew up with a silver spoon in his mouth and thinks that as long as his rich friends get to pay lower taxes, that solves everything. If the rest of us are lucky, his privileged buddies will throw us a few crumbs.<BR/><BR/>He also advocates a return to a gold standard and does not understand the monetary system.mike normanhttps://www.blogger.com/profile/03296006882513340747noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-89085587529978479662009-04-06T18:42:00.000-04:002009-04-06T18:42:00.000-04:00It's difficult to stomach Steve Forbes. He's smug...It's difficult to stomach Steve Forbes. He's smug, condescending, it's just sad! "Last November, he promised " Oh yeah, I remember Bernanke saying "We promise..." not! He said they will AND, between Jan and June. As far as Meredith goes, I mean what took her so long? She made that call on Citibank back in Sept or Oct of 2007, I think. My goodness! The "mortgage meltdown" was already picking up steam since it began rearing it's head 6 months prior or Mar 2007. Unless the two (meltdown and Citi) are completely separate and not in anyway related to each other...<BR/>Mike, If the mortgage industry and real estate had not imploded would the Citi still have been a call to make?Anonymousnoreply@blogger.com