“In the distance, I see a frightful storm brewing in the form of un-tethered government debt. I choose the words -“frightful storm' - deliberately to avoid hyperbole. Unless we take steps to deal with it, the long-term fiscal situation of the federal government will be unimaginably more devastating to our economic prosperity than the subprime debacle and the recent debauching of credit markets that we are working right now so hard to correct.” LongHardGovernmentFormTermDealsSituationStepsEconomicRight NowDistanceProsperityCreditDebtStormLong TermFederal GovernmentBrewingHyperboleEconomic ProsperityDebaclesGovernment Debt Author:Richard W. Fisher
“I don't have the fire in the belly right now. It's one of those been there, done that deals.” DoneSportsDealsFireRight NowBellyBeen There Done That Author:Steve Largent
“I don't think the Federal Reserve has any role in how high rates are right now. I don't understand why everyone is paying attention to this tapering. The Fed is using one kind of bond to buy another kind of bond. What's the big deal, and why is anyone taking the Fed seriously?” ThinkingKindBigsDealsAttentionRolesRight NowRateInvestingPay AttentionFedsReservesBig DealFederal ReserveTapering Author:Eugene Fama