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Help me Ben Bernanke, you're my only hope!


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2007 Sep 16, 6:08am   33,101 views  249 comments

by Patrick   ➕follow (59)   💰tip   ignore  

Princess Leia

So is helicopter Ben going to come to the rescue on 18th, cutting interest rates, and thereby proving to speculators that they can keep profits but count on ol' Ben to save them from losses? I think the answer, unfortunately, is yes.

Since lower interest rates encourage inflation, does this mean that responsible savers will see the value of their savings eroded to support irresponsible spenders and lenders?

Or could it be that mortgage interest rates will go higher anyway, ignoring the Fed? It seems possible that banks and investors have been spooked enough by the unclear liability for a trillion dollars of bad mortgages that they will still demand higher rates from borrowers, to compensate for the risk of mortgage lending these days.

Patrick

#housing

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244   SP   2007 Sep 19, 9:57am  

salk Says:
Well, soon we may pray for a return to English Colonialism.

Starting with the United States?

A time when we had one dictator 3000 miles away as opposed to 3000 dictators one mile away. When the Indians did not aim nuclear weapons at us.

They do? I would be very interested in a reference, since you seem to have some fantastic sources.

Middle East dictators didnt aim nuclear weapons at the west.

Name one. Back it up with a credible source (i.e. not Pat Buchanan).

SP

245   Different Sean   2007 Sep 19, 11:20am  

Insulting the natives and double-dealing with them is not a great way to win friends and influence people.

I'd have a think about that in the current middle east context also -- re-neo-colonialism... remember arming and training the mujahideen against the Russians?

the salk's main sources appear to be bill o'reilly, anne coulter, rush limbaugh and faux news (faux news provides the informed healthy balance against the others...)

246   astrid   2007 Sep 20, 3:04am  

SP,

Okay, all EMPIRES (AKA successful civilizations in some people's books; since many civilizations, including the Inuits, are suffering cultural declines due to the dominating influences of Russian/Nordic/Anglo-Saxon cultures) do it.

If the Inuits had an empire (I know, that's a comment that's nearly as asinine as "if Iraq was anywhere else.."), I don't think they would have done much better. Brutality and stupidity are inherent in any empire. I'm not advocating that for the British Empire here, just for the British culture (I know, that sounds wrong even as I type it out!).

247   SP   2007 Sep 20, 5:36am  

astrid said:
If the Inuits had an empire, I don’t think they would have done much better.

Yeah, if my hypothetical orange was rotten, I am sure it would taste as vile as the real rotten apple that I have here.

SP

248   salk   2007 Sep 21, 7:33am  

Pakistan? North Korea? Iraq? Libya? Iran? Syria? All of which are confirmed are suspected to have nuclear weapons. Which is better for you? Nuclear Pakistan or Colonial India?

249   SP   2007 Sep 24, 4:20pm  

salk Says:
Pakistan? North Korea? Iraq? Libya? Iran? Syria? All of which are confirmed are suspected to have nuclear weapons.

Yes, but you said something like "Middle East dictators have nuclear weapons aimed at the west". Posessing nukes is very different from having the ability to deliver them.

Pakistan's nukes are aimed at India. Iraq does not have any. Libya does not either (confirmed by the CIA). Iran and Syria do not have the means to deliver these weapons to any target outside the middle east.

The only countries that have nukes _aimed_ at the "west" are Russia, China and (possibly) North Korea. None of which are in the middle-east.

Which is better for you? Nuclear Pakistan or Colonial India?

Is that a binary choice?

SP

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