president of kleblist?
On Mon, Dec 16, 2013 at 11:33 PM, OK Don <okd...@gmail.com> wrote: > I vote for Peter for president -- > > > On Mon, Dec 16, 2013 at 10:15 AM, Peter Frederick <psf...@earthlink.net > >wrote: > > > Better than a major depression, but the Fed has taken the wrong approach > > here. Low interest rates work when the money is used to build factories > > and employ people. Since we de-industrialized starting in the 70's, low > > interest rates just produce churn in the stock and bond markets and > result > > in rent seeking, neither of which does squat for the real economy. > > > > The Fed should have make low interest rate bonds available ONLY for > > infrastructure and employment purposes, no "investment" allowed. > > > > This is the same problem with the dive in rates to "fix" the "recession" > > in 2001 which was strictly a market panic and should have been fixed by a > > couple day "cooling off" period on the stock exchanges. > > > > A small tax on financial transactions to kill off the "0.001% profit > > margin" high speed trading would help here as well (I vote for a 2% > excise > > tax myself) -- 99% of the "trading" on Wall Street would vanish and I > > suspect stock prices would quickly adjust to reflect the actual value of > > the companies issuing them instead of what speculators can pump them up > to > > before they dump them. No mergers and acquisitions using borrowed money > > would be a good thing too, same as outlawing the practice of hedge funds > > loading up companies with huge amounts of debt and then killing them for > a > > profit. > > > > Needless to say, I'm only a lone voice howling in the wilderness. > > > > Peter > > > > > > > -- > OK Don > "They who can give up essential liberty to obtain a little temporary > safety, deserve neither liberty nor safety." - Benjamin Franklin 1775 > "in this world nothing can be said to be certain, except death and taxes." > - Benjamin Franklin 1789 > 2013 F150, 18 mpg > 2012 Passat TDI DSG, 44 mpg > 1957 C182A, 12 mpg - but at 150 mph! > _______________________________________ > http://www.okiebenz.com > > To search list archives http://www.okiebenz.com/archive/ > > To Unsubscribe or change delivery options go to: > http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com > -- *reliable vendor of superior parts for mercedes and other european cars* *www.BuyEUROparts.com <http://www.BuyEUROparts.com>* _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
