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Comments on: Cross-country cash rates http://www.tvhe.co.nz/2008/08/13/cross-country-cash-rates/ The Visible Hand in Economics Tue, 19 Aug 2008 04:05:21 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Matt Nolan http://www.tvhe.co.nz/2008/08/13/cross-country-cash-rates/#comment-2079 Tue, 19 Aug 2008 04:05:21 +0000 http://tvhe.wordpress.com/?p=861#comment-2079 “Benanke is more worried about avoiding a recession than preventing inflation expectations taking hold. Greenspan and Volker look very worried.”

It will be interesting to see what happens – I’m not happy with negative real interest rates either. They are trying to inflate there way out of a housing collapse 😛

Greenspan and Volker always look worried – Bernanke must feel like they are his grandparents, constantly telling him about “back in their day”.

I hate to say it, but I think both of them are a little behind the ball at the moment, and they should try to understand this before they nag Bernanke again – some of the things they say betray a sense of not knowing what is going on

]]> By: Kiwi Trader http://www.tvhe.co.nz/2008/08/13/cross-country-cash-rates/#comment-2078 Sun, 17 Aug 2008 10:51:11 +0000 http://tvhe.wordpress.com/?p=861#comment-2078 It is simple.

The Europeans are worried about inflation.
The Americans are worried about growth.

The European Central Bank knows what it’s job is.
The US Federal Reserve has forgotten what it’s job is.

It thinks it’s job is to bail out the US financial system from it’s own mistakes.
Where do you think all the funding comes from? They simply print more US dollars.
America will have much higher inflation as a result of the current folly.
US inflation at 6%..and rising, with interest rates at 2%….madness.

Benanke is more worried about avoiding a recession than preventing inflation expectations taking hold. Greenspan and Volker look very worried.

]]> By: Interest Rates » Cross-country cash rates http://www.tvhe.co.nz/2008/08/13/cross-country-cash-rates/#comment-2077 Wed, 13 Aug 2008 01:40:32 +0000 http://tvhe.wordpress.com/?p=861#comment-2077 […] Read the rest of this great post here […]

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