“Get ready, folks: America is about to own a car company. As of Monday, we the taxpayers will own more than 70% of GM. Whether the company will be formally renamed Government Motors remains to be seen. But that’s what it will be.”
Lawrence Kudlow
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February 17 was the big day when stimulus package for US economy was passed. It was a big fight a big headline, everyone was excited. “Media” was talking about the stimulus as it was the only way how to solve the crisis. Isn’t it so that the stimulus is now making markets happy? Even if [...]
“The first panacea for a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunists.” Ernest Hemingway
Government
Twain observed in 1873: “I never can think of Judas Iscariot without losing my temper. To my mind Judas Iscariot [...]
Ai note: nice thought on FED, fiscal policy, hyperinflation and the one to blame
written by TheMoneyIllusion:
Here’s how I started thinking about this topic. I asked myself whether central banks were ever blamed for any inflation or deflation. One place to start is with hyperinflation, something America has never really experienced. Was the German central bank [...]
Ai note: and this is when you try to betrey the market in the long-term, oh sory Ben, it was short-term
source: Jesse’s Café Américain
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