tag:blogger.com,1999:blog-30643134.post547038358370357796..comments2023-12-26T01:10:26.319-05:00Comments on Accrued Interest: There's no time for sorrowsAccrued Interesthttp://www.blogger.com/profile/05096191765979971184noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-30643134.post-29688676974432488222007-10-15T06:51:00.000-05:002007-10-15T06:51:00.000-05:00I do think I was not informed, but as I said, niet...I do think I was not informed, but as I said, niether was Greenspan. I think I knew enough about credit cycles to assume that consumer credit was too easy and a correction would come some day. I just didn't know when, and I sure didn't know it was going to fall apart this suddenly.<BR/><BR/>Well I don't agree that the American way isn't working. Alan Greenspan and Robert Rubin supposedly had a conversation once about government regulation. Rubin said regulation was like playing tennis with wooden rackets. Sure the ball will never go as fast, but it will always be under control. <BR/><BR/>Rubin was admitting that economic growth would be greater, to some degree, with less regulation: higher highs. But there would also be lower lows. He wanted to move the country toward wooden rackets.<BR/><BR/>I don't mind that the ball gets out of control sometimes. I'd rather see faster long-term economic growth.<BR/><BR/>I don't want to get into a big debate here, because I think its ultimately one of philosophy. The American economy is always going to be more chaotic than Europe, but I really think we'll grow faster in the long-run.Accrued Interesthttps://www.blogger.com/profile/05096191765979971184noreply@blogger.comtag:blogger.com,1999:blog-30643134.post-80590970884514775402007-10-14T04:00:00.000-05:002007-10-14T04:00:00.000-05:00As the author of the original question, thank you ...As the author of the original question, thank you for this more extensive exegesis.<BR/><BR/>It seems to me that your answer depends on lack of information: you were not informed.<BR/><BR/>I think that misses the point. I think the system was not well-regulated.<BR/><BR/>Think of professional football...either soccer or American football. France lost the World Cup because Zidane was caught on TV head-butting another player. No TV, no red card.<BR/><BR/>The "American Way" as embodied in "No Regulation, Less Government" is not working. A lot of people have lost and are going to lose a lot of money because it's not working.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30643134.post-89945933497886819392007-10-12T07:11:00.000-05:002007-10-12T07:11:00.000-05:00Obviously the job of AI's editor remains unfilled....Obviously the job of AI's editor remains unfilled. If only I had a budget...<BR/><BR/>HPA = Home Price AppreciationAccrued Interesthttps://www.blogger.com/profile/05096191765979971184noreply@blogger.comtag:blogger.com,1999:blog-30643134.post-63665345736846300772007-10-12T04:02:00.000-05:002007-10-12T04:02:00.000-05:00What is "HPA"? You use the acronymn without expla...What is "HPA"? You use the acronymn without explainig it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-30643134.post-58445136589975399712007-10-12T02:16:00.000-05:002007-10-12T02:16:00.000-05:00So despite correctly calling a housing slowdown, I...<I>So despite correctly calling a housing slowdown, I foresee that the subprime problem would become as serious as it turned out to be. </I><BR/><BR/>was that supposed to be "I did not foresee...."?HoosierDaddyhttps://www.blogger.com/profile/06070310058834687381noreply@blogger.com