http://www.diyhf.com/2008/12/22/the-blues-brothers/?utm_source=rss&utm_medium=rss&utm_campaign=the-blues-brothers You are just as smart Mon, 09 Jan 2012 17:16:08 +0000 hourly 1 http://wordpress.org/?v=3.2 http://www.diyhf.com/2008/12/22/the-blues-brothers/comment-page-1/#comment-5 Wayne Weddington Tue, 23 Dec 2008 15:40:33 +0000 http://www.diyhedgefundsonline.com/?p=169#comment-5 I will post my opinions on the stimulus under separate cover.... it is unproductive at convenient to criticise without offering any solutions. The answer is that they are both correct. Schiff is correct in that the fastest and cleanest way to 'fix' our situation is to let the poorly run institutions fail, but it does not take account for the deep deep pain that would ensue. The answer is not monolithic. It comes down to risk preference curves and pain tolerance. The soft landing scenario that Leeb advances is the most palatable because it delays the deepest sacrifices... and has a glimmer of hope of actually being able to stimulate growth in the interim, however slim. I just hope that when the Obama administration considers the options it balances pain with palliation because the US' future is in the balance with a consequence that could span a decade or more. I will post my opinions on the stimulus under separate cover…. it is unproductive at convenient to criticise without offering any solutions. The answer is that they are both correct. Schiff is correct in that the fastest and cleanest way to ‘fix’ our situation is to let the poorly run institutions fail, but it does not take account for the deep deep pain that would ensue. The answer is not monolithic. It comes down to risk preference curves and pain tolerance. The soft landing scenario that Leeb advances is the most palatable because it delays the deepest sacrifices… and has a glimmer of hope of actually being able to stimulate growth in the interim, however slim. I just hope that when the Obama administration considers the options it balances pain with palliation because the US’ future is in the balance with a consequence that could span a decade or more.

]]> http://www.diyhf.com/2008/12/22/the-blues-brothers/comment-page-1/#comment-3 drhappiness Tue, 23 Dec 2008 14:55:42 +0000 http://www.diyhedgefundsonline.com/?p=169#comment-3 Would you like to further comment on your opinion of the stimulus strategy we will be going with? Since stimulus will be our reality soon. Would you like to further comment on your opinion of the stimulus strategy we will be going with? Since stimulus will be our reality soon.

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