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Most of these are about QE, sorry about that.
- Kid Dynamite, “Isn’t it terrifying? The way Bernanke specifically mentions housing as a profit engine?” I can’t wait for the retooled Flip This House.
- Josh Barro says we all win! I’m sure there’s gotta be some sound economics behind that. It sounds so great.
- Robert Wenzel:
Since, the FOMC statement is terrible economics, holding that the printing of money can somehow “boost” the economy, it shows that the blogsphere has a long way to go in its battle with government financed academic economists.
Actually if terrible economics has carried the day doesn’t this indeed show the blogosphere has won?
- Peter Tchir: “Why does the Fed buying something count more than Fannie and Freddie buying something?” Um…even less accountability?
- And it looks like the Fed will be buying over half of all new agency MBS. Not that this will stop lefties from blaming our ‘free market’ when the next bubble bursts.
- The Fed Panicked
- Aziz also says this is QE ∞
- Ritholtz says there is a difference between Fed critiquing and managing money, because clients give their hard-earned cash only to ‘money managers who know how to navigate around whatever it is that is driving asset prices’. Maybe, though I always assumed clients give their hard-earned cash to whoever their friend struck it rich giving their cash to and who may or may not have just gotten lucky. Either way, when correlations are at ~1 and ‘managing money’ becomes mostly about front-running a neverending QE-crack-dealer Fed, this all becomes less impressive, and the distinction between ‘money managing’ and Fed Kremlinology mostly academic, no?
- I suspect the British ninja solution to loud/rude/obnoxious moviegoers would face, uh, troubles if it were tried in America’s ‘inner-city’ movie theaters where these problems mostly exist
- Fight the HR power
- Bob Dylan didn’t get the memo that everyone with any role in popular culture is now required to love President Obama and say how cool he is
- Sheila O’Malley reprints her classic, hilarious highschool diary entry on Freedom Jam
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