The View From 1776

Fed Throws In The Towel

With few, or no, untried monetary policy tricks to perform, for now the Fed will stick to funding Federal deficit spending with fiat dollars created out of thin air.

Posted by .(JavaScript must be enabled to view this email address) on 08/11 at 12:26 AM
  1. In the face of all this gloom, a little bright news on the economy front is that GM reported a NET INCOME of 1.3 billion in the second quarter of this year on revenue of 33.2 billion.

    So perhaps, in retrospect, it was not such a bad idea to give GM a temporary loan (now fully repaid) so that it did not go bust?
    Posted by .(JavaScript must be enabled to view this email address)  on  08/12  at  09:16 AM
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  4. Bypassing bankruptcy while ignoring contracts and wiping out bondholders was wrong, semi-criminal, in fact. The extent of the damage will be felt for years. GM is still saddled with the UAW. Would you lend these jokers money? GM is a joke and will be back to the government for 'help'. Just say no!
    Posted by .(JavaScript must be enabled to view this email address)  on  08/24  at  02:31 PM
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