"I've never seen a soft-landing in 53 years"
Yes, but you've never had Mister Ben "Fluff" Bernanke around before. This landing will be softer than a bb's behind.
if Ben fails to raise rates in response to inflation, he puts a solid floor on commodities (oil, GOLD) something he does not want to do. The dollar craters, something he does not want, and inflation speeds up faster. If he saves the housing market (which at this point I feel is theoretically not possible) He still causes a plethora of other problems which in the end will cause housing to implode anyway- in other words he is fuc*ed.
quite frankly bernanke can't pause... PCE deflator running at 2.9% with employment costs also higher by 0.9% means the Fed has to keep its foot down on inflation and raise rates... greenspan letting rates get as low as he did was a very silly move...
Mr. Mozilo will be getting a phone call shortly from Mr. Lereah, that type of talk is not to be tolerated.
"I've never seen a soft-landing in 53 years"
Yes, but you've never had Mister Ben "Fluff" Bernanke around before. This landing will be softer than a bb's behind.
Fluff
if Ben fails to raise rates in response to inflation, he puts a solid floor on commodities (oil, GOLD) something he does not want to do. The dollar craters, something he does not want, and inflation speeds up faster. If he saves the housing market (which at this point I feel is theoretically not possible) He still causes a plethora of other problems which in the end will cause housing to implode anyway- in other words he is fuc*ed.
quite frankly bernanke can't pause... PCE deflator running at 2.9% with employment costs also higher by 0.9% means the Fed has to keep its foot down on inflation and raise rates... greenspan letting rates get as low as he did was a very silly move...