tag:blogger.com,1999:blog-18079728.post123766730369262478..comments2023-11-02T07:30:03.967-07:00Comments on Cassandra Does Tokyo: Pundit Rage"Cassandra"http://www.blogger.com/profile/17412381249313151515noreply@blogger.comBlogger17125tag:blogger.com,1999:blog-18079728.post-79053210084060220972009-02-12T22:04:00.000-08:002009-02-12T22:04:00.000-08:00I'd be grateful if you'd forward the lates...I'd be grateful if you'd forward the latest G&F to me..at my e-mail address. I've long been an admirer of Chris Wood, and while he's not gotten everything right, he's generally not been very wrong. Unfortunately, over the last decade, policymakers have rarely followed his advice, as global authorities will continue to eschew it, not because it isn't right but because "Cassandra"https://www.blogger.com/profile/17412381249313151515noreply@blogger.comtag:blogger.com,1999:blog-18079728.post-30437431232531436152009-02-12T18:32:00.000-08:002009-02-12T18:32:00.000-08:00Today's GREED & Fear column by Chris Wood ...Today's GREED & Fear column by Chris Wood says Geithner's speech was "an obvious public relations disaster" because "it failed to deliver any hard details[.]"<BR/><BR/>G&F says Geithner's effort to increase liquidity by giving non-recourse loans to leveraged speculators so they can buy ABS "is doomed to failure[.]"<BR/><BR/>G&F says "WhatAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-80366373512494610632009-02-11T18:10:00.000-08:002009-02-11T18:10:00.000-08:00I like Geithner. He is a dithering pussy, but tha...I like Geithner. He is a dithering pussy, but that is useful because his handwringing will weaken the big banks until there is political will to break them up in conservatorship.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-29636152173371555782009-02-11T07:33:00.000-08:002009-02-11T07:33:00.000-08:00market-ticker.orgOnly when prevailing winds of tru...market-ticker.org<BR/><BR/>Only when prevailing winds of truth reach all corners will we the trade ship be righted.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-41453959585044878782009-02-11T03:27:00.000-08:002009-02-11T03:27:00.000-08:00Pure Guesswork: "Interesting that a very thoughtf...Pure Guesswork: "Interesting that a very thoughtful post about "recriminating, pontificating, moralizing, wagging finger[s]" is met with so many comments that, while expressing admiration for the post, exhibit the very qualities the post contemns: "retributional [...] road rage."<BR/><BR/>That is because Cass is soft on Geithner. She refuses to unleashed her brutally honest wit on him.<BR/><BR/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-74491427094928947642009-02-11T03:13:00.000-08:002009-02-11T03:13:00.000-08:00Interesting that a very thoughtful post about "rec...Interesting that a very thoughtful post about "recriminating, pontificating, moralizing, wagging finger[s]" is met with so many comments that, while expressing admiration for the post, exhibit the very qualities the post contemns: "retributional [...] road rage."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-51911118588040157282009-02-10T18:08:00.000-08:002009-02-10T18:08:00.000-08:00I feel for the commentators. If you had to talk ab...I feel for the commentators. If you had to talk about the markets off the cuff for several hours a day, most people would begin to sound pretty stupid. Except for Mr. Kudlow, who starts off with the advantage of being an unthinking ideologue, so he's ALWAYS obnoxious and stupid.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-9829005059242265602009-02-10T10:30:00.000-08:002009-02-10T10:30:00.000-08:00You were watching with the sound ON? Why? All th...You were watching with the sound ON? Why? All the best. LUHPLetUsHavePeacehttps://www.blogger.com/profile/15150236444828943359noreply@blogger.comtag:blogger.com,1999:blog-18079728.post-34027503476998166682009-02-10T07:07:00.000-08:002009-02-10T07:07:00.000-08:00The only people that can fight off the idiotic bai...The only people that can fight off the idiotic bailout proposals by Geithner/Summers is the bond mafia. If there is a major sell off, and US interest rates spike, they'll be forced to trash their so-called plan.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-48239600652640417032009-02-10T06:42:00.000-08:002009-02-10T06:42:00.000-08:00nice rant, Cass. love it, love your style and keen...nice rant, Cass. love it, love your style and keen wit. <BR/><BR/>and how about geithner's, er, obama's tarp 2? obama's true platform: "hoax" (f.k.a. hope and change).the darkcloudhttps://www.blogger.com/profile/06192671831674955825noreply@blogger.comtag:blogger.com,1999:blog-18079728.post-43244708981257237112009-02-10T03:03:00.000-08:002009-02-10T03:03:00.000-08:00"Wolf says Geithner, Summers, & Obama are..."Wolf says Geithner, Summers, & Obama are cowards, who lack the courage to admit the big US banks are insolvent. I'd go further to say that they are hopelessly conflicted due to having benefited from working for the financial sector (eg, Geithner's bosses the NY Fed's board of directors is mostly GS alumni and clients, Summers worked for DE Shaw, Rahm worked for Wasserstein, Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-31813357494696118232009-02-10T02:48:00.000-08:002009-02-10T02:48:00.000-08:00If you saw the C-SPAN horror show of the SEC/Madof...If you saw the C-SPAN horror show of the SEC/Madoff/Markopolos hearings, you will realise, there is no hope whatsoever. <BR/><BR/>Endemic corruption, on public display. Contempt for Congress; blatant lying (Vollmer); clear statement that Schapiro is corrupt; clear statement that NASD, FINRA are corrupt; inference that the US financial system is a game for insiders, a hopeless casino, where any Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-34110189863919154532009-02-10T02:23:00.000-08:002009-02-10T02:23:00.000-08:00If Cass doesn't like uninformed pundit rage, p...If Cass doesn't like uninformed pundit rage, perhaps she'll like informed pundit rage by Financial Times' Martin Wolf.<BR/><BR/>Wolf says Geithner, Summers, & Obama are cowards, who lack the courage to admit the big US banks are insolvent. I'd go further to say that they are hopelessly conflicted due to having benefited from working for the financial sector (eg, Geithner'Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18079728.post-76057920430157659982009-02-10T02:05:00.000-08:002009-02-10T02:05:00.000-08:00The unfortunate part, Cass, is that so many of the...The unfortunate part, Cass, is that so many of the 'uninformed' come from within the economics profession itself. Having just read four or five of them whose only point of agreement is that things are going to get 'really bad' in the near future, and noting that this assessment is, generally speaking, coming 16 months late and is nothing but the typical shaman's trick of predicting the present, ICharles Butlerhttps://www.blogger.com/profile/00486529931043507880noreply@blogger.comtag:blogger.com,1999:blog-18079728.post-24822976338704555422009-02-09T18:20:00.000-08:002009-02-09T18:20:00.000-08:00Or is it Hear, Hear!?Or is it Hear, Hear!?Luke Leahttps://www.blogger.com/profile/11290760894780619646noreply@blogger.comtag:blogger.com,1999:blog-18079728.post-5017932056132111522009-02-09T18:19:00.000-08:002009-02-09T18:19:00.000-08:00Here, Here!Here, Here!Luke Leahttps://www.blogger.com/profile/11290760894780619646noreply@blogger.comtag:blogger.com,1999:blog-18079728.post-86039447433408130372009-02-09T17:03:00.000-08:002009-02-09T17:03:00.000-08:00CNBC is G.E.'s Radio Free Europe. Makes one long ...CNBC is G.E.'s Radio Free Europe. Makes one long for <BR/>Pravda.Anonymousnoreply@blogger.com