Why Bernanke can't stop deflation

ksammut

Why Bernanke can't stop deflation

cohodk

Inflation bugs apparently do not like to read opinions like this.

MGLICKER

Looks like Big Ben is receiving his $250,000 paydays.

Good show Ben!

For his insights....yeah right.

MGLICKER

...and again with the 2%. Ahh Benjy my boy, PPI is up 1% plus for the last 60 days.

""Another dinner guest was moved when Bernanke said the Fed aims to hit its 2 percent inflation target at all times, and that it is not necessarily a ceiling.""

derryb

just fired off a steaming complaint to Papa John's about the serious deflation in pizza toppings. Appears every topping you now add reduces the amount of all other toppings. A five topping pizza should be loaded to the brim.

jmski52

The money being created is going somewhere, and it's not going much of anywhere besides onto bank balance sheets. The debt is being transferred from the banks to the Treasury. Everything else, including asset prices - are a side effect. The banks should have been liquidated and the bankers should have been held responsible and prosecuted just like anyone else who gambles with money that they don't have.

MGLICKER

<< <i> The banks should have been liquidated and the bankers should have been held responsible and prosecuted just like anyone else who gambles with money that they don't have. >>



As well as AIG and in regard to liquidation, GM and Chrysler. Actually Chrysler for the second time, the first was in 1979.

Julio

" Chrysler for the second time, the first was in 1979". MGLICKER

Rinse and repeat, the American way, some profit, others pay. We never lean. Take care. jws

derryb

The last decade gave new meaning to the term "corporate America." Look for nothing to change.

VanHalen

I just bought two quart-size tubes of polyurethane sealant at Lowes and they were 30 ozs each! What gives?

On the plus side they were reduced from $10.75/ea to $8.75/ea on a close-out.

mariner67

<< <i>I just bought two quart-size tubes of polyurethane sealant at Lowes and they were 30 ozs each! What gives?

On the plus side they were reduced from $10.75/ea to $8.75/ea on a close-out. >>



Another glaring everyday example of deflation!

cohodk

<< <i>The money being created is going somewhere, and it's not going much of anywhere besides onto bank balance sheets. The debt is being transferred from the banks to the Treasury. Everything else, including asset prices - are a side effect. The banks should have been liquidated and the bankers should have been held responsible and prosecuted just like anyone else who gambles with money that they don't have. >>



Your wish may come true but are you prepared for the consequences? Do you know what they may be?

derryb

<< <i>

<< <i>The money being created is going somewhere, and it's not going much of anywhere besides onto bank balance sheets. The debt is being transferred from the banks to the Treasury. Everything else, including asset prices - are a side effect. The banks should have been liquidated and the bankers should have been held responsible and prosecuted just like anyone else who gambles with money that they don't have. >>



Your wish may come true but are you prepared for the consequences? Do you know what they may be? >>


Unfortunately, his wish will not come true. Do not forget that Washington created our ongoing crisis when Wall St. convinced (contributed to their campaigns) them to deregulate, deregulate, deregulate. Now defunct Glass Steagal Act alone could have saved us. I clearly remember then CFTC Chairman Brooksley Born sitting alone at a table warning Congress of the danger of such deregulation while Greenspan, Rubin and Summers smugly sat hand in hand at the other table telling Congress how wrong she was. It was a David and Goliath battle and Goliath won. Hopefully our current "David," Elizabeth Warren, will be more successful.

Since 2008, policy makers and regulators have had the opportunity to perform an orderly dismantling of a banking system that puts citizens in danger of the horrible consequences you correctly refer to. They have also had ample opportunity to reinstate strong regulation that would prevent our ongoing crisis and the even worse dollar crisis we await. By doing just the opposite and failing to regulate and failing to legislate they have ensured an even greater systematic threat while continuing to ignore those that put the system at such risk. It is noteworthy that those who did put the system as such great risk are allowed to continue rewarding themselves for their bad behavior. The earlier Long Term Capital Management crisis gave us ample proof that accountability can be enforced at the same time structured relief is provided. It also provided lessons that were not learned.

For many decades the communists and socialist have taught their children that greed would destroy capitalism. Sadly, Wall Street and Washington are slowly proving them correct.

jmski52

<< The money being created is going somewhere, and it's not going much of anywhere besides onto bank balance sheets. The debt is being transferred from the banks to the Treasury. Everything else, including asset prices - are a side effect. The banks should have been liquidated and the bankers should have been held responsible and prosecuted just like anyone else who gambles with money that they don't have. >>

Your wish may come true but are you prepared for the consequences? Do you know what they may be?


Consequences. Consequences. It seems to me that when "leaders" (or anyone else, for that matter) can escape the consequences of their own actions, abuses follow. We see this daily. Instead of having such sympathy for the bankers and politicians, why is it unreasonable to expect them to be held to the same standards as any other private individuals?

My thought is that if bankers and politicians were prosecuted for illegal activity just like anyone else, there would be less criminal activity on their part. Why is that hard for you to understand? Are you of the opinion that the whole society would collapse if bankers and politicians were prosecuted under the law, just like anyone else?

Seriously?

derryb

too big to jail