@conncarroll Not saying Fed policy can fix supply-side problem. But it can meet money demand. If a sugar high, where is the inflation????
@jneeley78 yeah, I tend to take the opposite view, as evidenced by the non-taper. They're too scared to let go. But we don't disagree much.
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@scottlincicome Tapering now would be premature. Fact that they were seriously talking about it is not encouraging. -
@jneeley78 but how do they ever exit when the data (eg mortgage rates & home sales) are totally being driven by QE policy? - Voir les réponses
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@scottlincicome How does a doc ever ween a patient off medication that's keeping him alive? You don't. You wait till... -
@jneeley78 right. And when the patient gets addicted to that medication, and suffers withdrawal.....
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@scottlincicome ... getting rid of the meds doesn't make him really sick. -
@jneeley78 and so the Q is: were the housing, etc problems withdrawal or lingering sickness? And how can we even tell at this pt? - Voir les réponses
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Le chargement semble prendre du temps.
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RTS. You didn't read the article, did you?