Har Fast Posted August 10, 2010 Share Posted August 10, 2010 Says the telegraph Apparently, the problem is the current model: misses the role of credit and financial conditions Beggars belief doesn't it? Just as well they're not in charge of anything important. And having utterly missed the credit bubble on the way up, how handy to now include it on the way down - more ZIRP and QE here we come... Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted August 10, 2010 Share Posted August 10, 2010 Says the telegraph Apparently, the problem is the current model: Beggars belief doesn't it? Just as well they're not in charge of anything important. And having utterly missed the credit bubble on the way up, how handy to now include it on the way down - more ZIRP and QE here we come... As you say they completely missed the bubble, their new model will be as bad as the old one. as much as they know nothing about running the monetary system they know even less about real enrichment of a country. For deacdes this country has been asset stripped and destroyed by this gang of fools. This will continue, much to the detriment of the majority of the population, that is why 6/10 people in a new survey just want out from this crapulence and all that it breeds. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted August 10, 2010 Share Posted August 10, 2010 No model is perfect, crap in equals crap out. Quote Link to comment Share on other sites More sharing options...
VeryMeanReversion Posted August 10, 2010 Share Posted August 10, 2010 "misses the role of credit and financial conditions" Well, that's about 97% of the economy ignored then. Genius. I wonder if Ivory Towers have fire exits. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.