Comments on: Eat your heart out Matt Taibbi http://blogs.reuters.com/felix-salmon/2010/11/12/eat-your-heart-out-matt-taibbi/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: DavidMerkel http://blogs.reuters.com/felix-salmon/2010/11/12/eat-your-heart-out-matt-taibbi/comment-page-1/#comment-21056 Wed, 17 Nov 2010 17:23:33 +0000 http://blogs.reuters.com/felix-salmon/?p=6116#comment-21056 Though there is much true in the video, it gets a lot wrong too. I couldn’t endorse it fully.

The “economists” commenting here don’t get it, though. The Fed has made things worse, not better, because they left the overhang of bad debt in place, and we still have to deal with it.

The http://www.youtube.com/watch?v=IGYAhiMwd 5E video is worth a watch though; it is the key distortion in the global economy today.

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By: drzaius7734 http://blogs.reuters.com/felix-salmon/2010/11/12/eat-your-heart-out-matt-taibbi/comment-page-1/#comment-20875 Sun, 14 Nov 2010 16:07:20 +0000 http://blogs.reuters.com/felix-salmon/?p=6116#comment-20875 not funny, not accurate, is anyone else tired of the GS conspiracy theory rhetoric?

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By: BigBadBank http://blogs.reuters.com/felix-salmon/2010/11/12/eat-your-heart-out-matt-taibbi/comment-page-1/#comment-20866 Sun, 14 Nov 2010 10:17:32 +0000 http://blogs.reuters.com/felix-salmon/?p=6116#comment-20866 Is the Fed printing money? No; its pushing on a string.
Are taxes up? No; they are down.
Are house prices up? No; obviously not.
Is the Fed good at managing inflation expectations? No.
Is this funny? No.

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By: hsvkitty http://blogs.reuters.com/felix-salmon/2010/11/12/eat-your-heart-out-matt-taibbi/comment-page-1/#comment-20854 Sat, 13 Nov 2010 22:10:28 +0000 http://blogs.reuters.com/felix-salmon/?p=6116#comment-20854 Best analogy ever fed_watcher

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By: EconomistDuNord http://blogs.reuters.com/felix-salmon/2010/11/12/eat-your-heart-out-matt-taibbi/comment-page-1/#comment-20850 Sat, 13 Nov 2010 19:31:54 +0000 http://blogs.reuters.com/felix-salmon/?p=6116#comment-20850 fed_watcher says:

“Perhaps the Fed would not have had to “save” the world from another great depression had it not created the conditions that allowed a massive credit bubble to take place in the first place. And then ignored its collapse until the very end.”

I couldn’t agree more.

However, to say that the Fed has done everything at all times wrong, is just inflammatory bulls#*t that helps no one.

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By: fed_watcher http://blogs.reuters.com/felix-salmon/2010/11/12/eat-your-heart-out-matt-taibbi/comment-page-1/#comment-20848 Sat, 13 Nov 2010 18:06:38 +0000 http://blogs.reuters.com/felix-salmon/?p=6116#comment-20848 Mr. Economist,

Perhaps the Fed would not have had to “save” the world from another great depression had it not created the conditions that allowed a massive credit bubble to take place in the first place. And then ignored its collapse until the very end.

Most of us would not have a great deal of respect for a physician who fed us McDonalds seven days a week for ten years. And then ignored our symptoms of heart disease until we ended up in the ER in cardiac arrest. Where we are then “saved” by electroshock.

We may have been “saved”, but we are still fat and bloated, in the ICU being fed more McDonalds by Dr. Bernanke. We will crash again soon, but the paddles next time the paddles will have no charge.

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By: EconomistDuNord http://blogs.reuters.com/felix-salmon/2010/11/12/eat-your-heart-out-matt-taibbi/comment-page-1/#comment-20843 Sat, 13 Nov 2010 15:24:03 +0000 http://blogs.reuters.com/felix-salmon/?p=6116#comment-20843 Geez.

1) This thing is the least funny thing I’ve seen in weeks. And I”m an economist. The voices incredibly lame. The animation less competent than your average Japanese 6 year old could do. And the copy just more right wing vapid rhetoric, devoid of even the attempt to be truthful.

My God, will someone get Felix an editor? Please, God!

2) The Fed DID save the world from another great depression. Love or hate how they went about it and the moral hazard involved, it amazes me how moronic we are forgetting this just 2 years later. Had the Fed not acted, commercial paper would have closed off entirely, business would have closed unable to meet payroll, unemployment would have been 25%. So please, Felix. Let’s get a clue, shall we?

3) It’s the kind of simplistic moronic view of things this video shows that is blocking any ability to actually get things done that would help (like investing through fiscal policy). So, like this video, let’s just keep making up s#*t and letting it become the essence of public debate on a very, very important topic.

God help us. The world economy is toast thanks to brainlessness like this video.

Felix, Felix. Be ashamed. You normally add to the sophistication of the debate, not the debasement of it.

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By: johnhhaskell http://blogs.reuters.com/felix-salmon/2010/11/12/eat-your-heart-out-matt-taibbi/comment-page-1/#comment-20729 Sat, 13 Nov 2010 12:38:35 +0000 http://blogs.reuters.com/felix-salmon/?p=6116#comment-20729 The video’s assessment of Bernanke’s forecasting skills is right on. The assessment of the Fed’s credibility is right on. It is true that you can buy Treasurys from Treasury Direct. Plumbers do in fact generally fix things, not break them more. Laundering Fed purchases through Goldman is senseless. QE last year was tried with $2 trillion and did pretty much jack – also true.

As for Obama’s reappointment of Bernanke, I can only assume that Bernanke has a portfolio of compromising photographs.

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By: hsvkitty http://blogs.reuters.com/felix-salmon/2010/11/12/eat-your-heart-out-matt-taibbi/comment-page-1/#comment-20707 Sat, 13 Nov 2010 00:12:13 +0000 http://blogs.reuters.com/felix-salmon/?p=6116#comment-20707 too true to be too funny

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By: sonneblume http://blogs.reuters.com/felix-salmon/2010/11/12/eat-your-heart-out-matt-taibbi/comment-page-1/#comment-20706 Fri, 12 Nov 2010 23:59:51 +0000 http://blogs.reuters.com/felix-salmon/?p=6116#comment-20706 What everybody else said. It was wrong on the facts (Bernanke was head adviser to Bush) and just not terribly funny.

max
[‘The thing with the Chinese-American rap battle was better.’]

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