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Author: Video61Video61 Date: Feb 8, 2008 21:03
did the Laissez-faire free market create the perfect storm not seen
since the great depression? fear of lending, fear of borrowing, the
only instances we have experienced both in modern times are the Great
Depression and Japa
http://suddendebt.blogspot.com/
there was no government intervention here, the groups of sellers,
buyers and lenders were all rational people operating in a free
market, so what happened, and why does it always happen in the above
scenario?
please see site for graphs.
WEDNESDAY, FEBRUARY 6, 2008
Won't Lend, Won't Borrow, No Time For Sorrow
The Era of Debt is coming to an end (for now, anyway...).
The Fed's latest Senior Loan Officer Opinion Survey (January 2008, pdf
document) vividly demonstrates that a one-two punch is being delivered
to credit expansion: lenders are furiously tightening lending
standards and borrowers don't want to borrow. The following charts are
from the above survey and tell the story succintly.
First, residential mortgage lending:
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Author: MarcelloMarcello Date: Feb 9, 2008 00:30
> did the Laissez-faire free market create the perfect storm not seen
> since the great depression? fear of lending, fear of borrowing, the
> only instances we have experienced both in modern times are the Great
> Depression and Japa
>
> http://suddendebt.blogspot.com/
>
> there was no government intervention here, the groups of sellers,
I don't know how you can say there was no government intervention when the
government permits the Fed to print its money as well as set the prime
banking rates. Very poor monetary policy is the cause of this massive
bubble, and in fact if left alone in a laissez-faire situation (something
not likely to happen) it would correct itself in time. But the government
will continue to bail out those who chose poorly, both individual and
institutional. Blaming this mess on laissez-faire is like blaming your
child for the way he dresses when you buy him all his clothes.
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Author: kikivan6kikivan6 Date: Feb 9, 2008 01:54
On Feb 9, 12:30 am, "Marcello" nospam.com> wrote:>> did the Laissez-faire free market create the perfect storm not seen
>> since the great depression? fear of lending, fear of borrowing, the
>> only instances we have experienced both in modern times are the Great
>> Depression and Japa
>
>
>> there was no government intervention here, the groups of sellers,
>
> I don't know how you can say there was no government intervention when the
> government permits the Fed to print its money as well as set the prime
> banking rates. Very poor monetary policy is the cause of this massive
> bubble, and in fact if left alone in a laissez-faire situation (something
> not likely to happen) it would correct itself in time. But the government
> will continue to bail out those who chose poorly, both individual and ...
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Author: Mark M.Mark M. Date: Feb 9, 2008 02:56
Marcello wrote:
>>did the Laissez-faire free market create the perfect storm not seen
>>since the great depression? fear of lending, fear of borrowing, the
>>only instances we have experienced both in modern times are the Great
>>Depression and Japa
>>
>> http://suddendebt.blogspot.com/
>>
>>there was no government intervention here, the groups of sellers, >
>
> I don't know how you can say there was no government intervention when the
> government permits the Fed to print its money as well as set the prime
> banking rates. Very poor monetary policy is the cause of this massive
> bubble, and in fact if left alone in a laissez-faire situation (something
> not likely to happen) it would correct itself in time. But the government
> will continue to bail out those who chose poorly, both individual and ...
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Author: Democracy HighlanderDemocracy Highlander Date: Feb 9, 2008 05:16
Marcello wrote:
> I don't know how you can say there was no government intervention when the
> government permits the Fed to print its money as well as set the prime
> banking rates. Very poor monetary policy is the cause of this massive
> bubble, and in fact if left alone in a laissez-faire situation (something
> not likely to happen) it would correct itself in time.
MOTTO:
=====
Whenever somebody complain about government regulations and prise
"laissez-faire free-markets", he is just trying to tell you that he is an
unskilled idle making a living by piggybacking skilled professionals.
--
The world of the future will be fully democratic or will not be at all.
Democracy Highlander
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Author: Video61Video61 Date: Feb 9, 2008 07:56
On Feb 9, 7:16 am, Democracy Highlander yahoo.com>
wrote:> Marcello wrote:
>> I don't know how you can say there was no government intervention when the
>> government permits the Fed to print its money as well as set the prime
>> banking rates. Very poor monetary policy is the cause of this massive
>> bubble, and in fact if left alone in a laissez-faire situation (something
>> not likely to happen) it would correct itself in time.
>
> MOTTO:
> =====
> Whenever somebody complain about government regulations and prise
> "laissez-faire free-markets", he is just trying to tell you that he is an
> unskilled idle making a living by piggybacking skilled professionals.
>
> --
> The world of the future will be fully democratic or will not be at all.
>
> Democracy Highland...
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Author: MarcelloMarcello Date: Feb 9, 2008 20:34
"Mark M." techz.net> wrote in message
news:47ad873b$0$6481$4c368faf@roadrunner.com...> Marcello wrote:
>>>did the Laissez-faire free market create the perfect storm not seen
>>>since the great depression? fear of lending, fear of borrowing, the
>>>only instances we have experienced both in modern times are the Great
>>>Depression and Japa
>>>
>>> http://suddendebt.blogspot.com/
>>>
>>>there was no government intervention here, the groups of sellers, >>
>>
>> I don't know how you can say there was no government intervention when
>> the government permits the Fed to print its money as well as set the
>> prime banking rates. Very poor monetary policy is the cause of this
>> massive bubble, and in fact if left alone in a laissez-faire situation ...
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Author: MarcelloMarcello Date: Feb 9, 2008 20:35
comcast.net> wrote in message
news:n6lrq3h7l6srcatapo5bsi5qbhtkkotibd@4ax.com...
> On Sat, 09 Feb 2008 04:56:21 -0600, "Mark M." techz.net> wrote:
>>>Ultimately, every problem is blamed on government, especially in the
>>ironic
>>instance when government fails to take on a more active role in regulating
>>business
>>practices.
>
>
> Absolutely. Largely because government doesn't get involved until
> there's already a failure. If there's a market failure - let's say as
That would be incorrect, since government regulates the fiat currency and
oversees the money supply that permits these loans in the first place.
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Author: MarcelloMarcello Date: Feb 9, 2008 20:39
"Democracy Highlander" yahoo.com> wrote in message
news:5100900.hnOiS2g9JH@q787895.example.com...> Marcello wrote:
>
>> I don't know how you can say there was no government intervention when
>> the
>> government permits the Fed to print its money as well as set the prime
>> banking rates. Very poor monetary policy is the cause of this massive
>> bubble, and in fact if left alone in a laissez-faire situation (something
>> not likely to happen) it would correct itself in time.
>
>
> MOTTO:
> =====
> Whenever somebody complain about government regulations and prise
> "laissez-faire free-markets", he is just trying to tell you that he is an
> unskilled idle making a living by piggybacking skilled professionals.
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Author: MarcelloMarcello Date: Feb 9, 2008 20:41
> On Feb 9, 7:16 am, Democracy Highlander yahoo.com>
> wrote:>> Marcello wrote:
>>> I don't know how you can say there was no government intervention when
>>> the
>>> government permits the Fed to print its money as well as set the prime
>>> banking rates. Very poor monetary policy is the cause of this massive
>>> bubble, and in fact if left alone in a laissez-faire situation
>>> (something
>>> not likely to happen) it would correct itself in time.
>>
>> MOTTO:
>> =====
>> Whenever somebody complain about government regulations and prise
>> "laissez-faire free-markets", he is just trying to tell you that he is an
>> unskilled idle making a living by piggybacking skilled professionals.
>>
>> -- ...
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