gas prices go up blame under Bush ... all Bush's and republicans fault!
gas prices go up under Obama ... why even blame the president?
gas prices go down under Obama ... Obama is awesome!
Market goes down under Bush ... all Bush's and republicans fault. No blame democrats.
Market goes up under Obama ... Obama is superman and them democrats are awesome.
Market goes down under Obama ... why even blame the president? That's silly.
gas prices go up under Obama ... why even blame the president?
gas prices go down under Obama ... Obama is awesome!
Market goes down under Bush ... all Bush's and republicans fault. No blame democrats.
Market goes up under Obama ... Obama is superman and them democrats are awesome.
Market goes down under Obama ... why even blame the president? That's silly.
I wish I could everyone I know to read this part of the article.
The mispricing of assets does two things, according to Grant. It pulls demand forward and pushes failure out. He pointed to the junk bond market as an example of central bank intervention. He noted that default rates in the space during the last year were 2.3 percent on average, compared with the average of 4.6 percent going back to 1970.
Companies are borrowing more at this phase of the financing cycle when they might have drawn down debt in the past, he said. That is in part because the terms dictating how that debt will be paid back is looser than it has been in the past, he explained.
"It gives companies a great deal more latitude to persist and to expand and survive," Grant said. "Now, in capitalism there is meant to be failure. It's like the forest floor. There is life, there is regeneration, there is death. Without that, what you find is a bunch of dead ferns. What we have in America it seems to me is more and more evidence of fernitization."
The Federal Reserve has given the United States a system of enterprise that is much slower to change, he added.
By printing more money and suppressing interest rates, the U.S. central bank sought to stimulate aggregate demand, but also inadvertently stimulated aggregate supply, he said. That has led to more capital expenditures, production and oil supply.
The Fed has held interest rates near zero since December 2008.
The "lot of everything" that policy has produced weighs on price indices, leading the Fed to print more money and further suppress rates in order to meet inflation targets, Grant said.
You must not read much here.
Gas prices up under bush....not his fault.....up under Obama his fault.
Market goes up under obama....nothing to do with him....goes down under Obama....all his fault.
You got the theme right but facts and reality completely wrong.
Must I really bump the threads to prove me right again? Don't make me embarrass you on this....I like you too much for it
Yeah, contrary to popular opinion that logic applies to the lefties and the righties down here. When the market was setting records, the rocket scientists on your side of the fence (Guesser, Small Daddy, Drunken Horseplayer, etc..) were in here all the time telling us how great the market was and thanking President Obama for getting it there. Any guess as to why they haven't dropped by in the past 10 days?
oh I forgot the debt.
Debt goes up trillions under Bush - Bush is unpatriotic - Barrack Obama ... reckless spending!
Debt goes up even more trillions under Obama - well Bush over spent ya know, debt is good for the country and Bush was responsible for 9/11
was watching CNN while my car was being serviced (it was on in the comfort room) and the President's cock sucker actually said (paraphrasing)
(1) a turbulent market is the result of republican created gridlock
AND
(2) the market has done well because of Obama's policies despite republican gridlock
man, they know their flock all to well, most of them probably believe this somehow can be true
i'm like, this dude should be arrested for public idiocy
people are so dishonest.
everyone was saying before 2008 that these mortgages were trouble. They have been saying it for a long time.
everyone has been saying the market is is artificially inflated because of the Fed and Chine manipulating its currency. They have been saying it for a long time.
seeing as market corrections happen every 7 years or so. How is anyone surprised at today? Its going to be at 20K before you know it.
