Re: balance of risks and fed model pricing

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Posted by Winslow R. (71.140.230.228) on 14:09:58 11/07/07

In Reply to: balance of risks and fed model pricing posted by warren mosler

: Mishkin just now said Fed must act to make sure oil prices don't
: elevate inflation.
: We may have reached the Fed's inflation tolerance level.

Only if they want to bail out a bunch of domestic banks.

The Fed has lost control. Russia, Saudi Arabia, and China are in the driver's seat. The Fed may not like where we are being steered but can only drive our economy off a cliff if they don't like where we are headed. Fiscal spending is becoming more and more necessary. Gov Arnold is threatening to cut California's budget by 10% due to housing slowdown.

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Subject:	Re: balance of risks and fed model pricing
Comments:	: : Mishkin just now said Fed must act to make sure oil prices don't : : elevate inflation. : : We may have reached the Fed's inflation tolerance level. : : Only if they want to bail out a bunch of domestic banks. : : The Fed has lost control. Russia, Saudi Arabia, and China are in the driver's seat. The Fed may not like where we are being steered but can only drive our economy off a cliff if they don't like where we are headed. Fiscal spending is becoming more and more necessary. Gov Arnold is threatening to cut California's budget by 10% due to housing slowdown.
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