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Started By
Message
re: "Alan Greenspan Blasts Trump's Tariffs as "Insane"" Bloomberg
Posted on 11/15/18 at 11:14 am to I B Freeman
Posted on 11/15/18 at 11:14 am to I B Freeman
quote:
can you financially cover these commitments if the package declines in value 5%?"
AIG said hold muh beer...
But then again, what could go wrong if we give banks free money???
And here is the real kicker...we ain't done dealing with this 10 years after the shiite storm that Greenspan gave us...
Many companies, homeowners, and the govt etc have gotten used to cheap money...now there will be a noticeable cost to capital (which, while more fundamentally sound), will cause increased pricing, inflation pressures, and eventually, economic slow down...
1
Posted on 11/15/18 at 11:18 am to Ten Bears
AIG was right and their shareholders got screwed.
I think it was Greenspan but I am not sure that once wrote a paper about ending the Fed discount rate setting.
I agree--we should let it float and make the banks bid for the rate every day.
I think it was Greenspan but I am not sure that once wrote a paper about ending the Fed discount rate setting.
I agree--we should let it float and make the banks bid for the rate every day.
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