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What do you think of the Fed?


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2007 Mar 20, 8:36am   25,837 views  259 comments

by Patrick   ➕follow (58)   💰tip   ignore  

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Is the Fed really responsible for the housing mess? They definitely contributed through their interest rate cuts, but buyers and realtors must also have some responsibility.

And is the Fed as wicked as the non-mainstream press believes? There are dozens of sites accusing the Fed of keeping the rest of us down through inflation and various shady deals, but I've never heard a really convincing explanation. As I understand it, a little inflation is good because it encourages people to invest or spend rather than simply sit on their money.

Patrick

#housing

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254   astrid   2007 Mar 22, 2:42am  

allah,

(It sounds like you don't know the shit storms I was referring to. I'm not going to stir that up because the experience show me that it is sometimes counterproductive to argue specific points, even on a relatively enlightened forum such as this one.

BTW - I wouldn't mind using an aggregator to screen out a couple people here, nor would I mind other people screening me out because they don't like long OT discourses on sushi and knives.)

Okay, let's air this out.

No, I don't have to defend Randy. But nor am I forbidden to call things as I see it.

First let me make clear. I don't agree with Randy on everything and there are many times when I strongly disagreed with his conclusions here. However, Randy continues to keep a civil dialogue with most people here and his aggregator has apparently allowed him to ignore people that he finds disagreeable.

You've managed to acquire a hatred of Randy H that is blinding you to his many merits. Furthermore, based on my observation here, you tend to be less tolerant of dissent compared to Randy H, more fixated on people who disagree with you and less on issues up for discussion.

Patrick gave us all a forum to speak here. That is not the same as a right to insist on being heard by people who don't want to listen.

255   Peter P   2007 Mar 22, 2:50am  

Hatred of Randy? Huh?

256   Allah   2007 Mar 22, 4:45am  

(It sounds like you don’t know the shit storms I was referring to. I’m not going to stir that up because the experience show me that it is sometimes counterproductive to argue specific points, even on a relatively enlightened forum such as this one.

I agree, this is true sometimes, but not always.

BTW - I wouldn’t mind using an aggregator to screen out a couple people here, nor would I mind other people screening me out because they don’t like long OT discourses on sushi and knives.)

Nothing wrong with using an aggregator; they have their uses, but to attempt to insult someone by telling everyone that they are using it to filter out someones posts is childish and really is self insulting to the person that makes such a statement. It really makes them look like a whimp.


Okay, let’s air this out.

Let the shitstorms begin...I love shitstorms; just kidding :lol:


No, I don’t have to defend Randy. But nor am I forbidden to call things as I see it.

First let me make clear. I don’t agree with Randy on everything and there are many times when I strongly disagreed with his conclusions here. However, Randy continues to keep a civil dialogue with most people here and his aggregator has apparently allowed him to ignore people that he finds disagreeable.

If you keep ignoring everyone who disagrees with you one time or another, eventually you will be seeing a white screen every time you refresh. Not being able to tolerate a disagreement is a sign of arrogance.


You’ve managed to acquire a hatred of Randy H that is blinding you to his many merits. Furthermore, based on my observation here, you tend to be less tolerant of dissent compared to Randy H, more fixated on people who disagree with you and less on issues up for discussion.

What hatred? Where on this blog or anywhere on the internet have I made a statement that shows hatred? It's not like I wrote a plugin for an aggregator that replaces every reference to his name with the word "asshole" and then told everyone I did....that would be hatred! :evil:

He is one of my favorite speakers here; sometimes I am stumped trying to figure out what he is saying. I actually miss arguing with him. I remember the first argument I had with him about the valuation of a precious rock years ago; even he himself agreed that he enjoyed the argument.

How am I less tolerant of people who disagree with me? I actually like when people disagree, it's what makes a discussion. Imagine for a second if everyone agreed with each other; if people didn't disagree this blog would be very boring!


Patrick gave us all a forum to speak here. That is not the same as a right to insist on being heard by people who don’t want to listen.

I don't care whether or not someone disagrees with me or doesn't listen. I don't push anything on them; but if you're going to filter out comments by me, don't make posts referring to me based on the feedback from someone else such as GC (who already misinterpreted what I said).

When someone disagrees and I persistantly argue by bringing up links to articles like "equity isn't savings" (proving them wrong), it is because I strongly believe that if I show enough proof, they may get it. If they don't, they can just agree to disagree and leave it at that.

257   Allah   2007 Mar 22, 5:16am  

You take things far too seriously.

Do I? I am just trying to calm the storm, that's all. Too many angry people taking what other people say the wrong way; this is no way to behave. :)

258   astrid   2007 Mar 22, 7:46am  

allah,

That's fine. You just come off sounding more antagonistic sometimes.

259   Sylvie   2007 Mar 28, 7:17am  

When I think of the Fed I really think of it as an extension of the Wall St. banks. The only difference is they are appointed political positions which leave them beholding to the investor elite. Look folks.. there is truly a class polarization going on it has been for some time now. The wealthiest power brokers don't want to lose their foothold and influence. And will manipulate the system at any cost.

The only way to do that is keep the masses heavily in debt and ignorant of the back room dealing in Washington. God, just look at the current arrogance of the administration the lies and abuse of power at the very top. Don't fool yourself thinking for one moment that the government cares if you have a decent standard of living. The power brokers of the world have written the play book. It's all about the big boys and corporate big wigs on Wall Street and to a lesser extent their puppets in Washington. After all they expect something for their dirty lobby money. The sad part is that we the common man gets screwed every time.

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