Greetings Economists,
On Oct 1, 2008, at 9:37 AM, Julio Huato wrote:
How about the timing? Doug is right on that. Waiting carries a lot
of risk. However, that risk is not going to disappear just because
Congress passes the TARP.
Doyle;
Waiting? How long? I don't think there is a standard. The stock
market doesn't dictate the credit crunch. What is waiting going to
do? How long does it take to go to a new level?
Without concrete answers to these questions how is anyone supposed to
know? The arbitrary deadline for not passing the legislation was the
next day, only nothing much happened.
Why side with them about get it done yesterday if you can't determine
how long is too long?
Thanks,
Doyle Saylor
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