Comments on: Links: 2009-04-20 http://www.creditwritedowns.com/2009/04/links-2009-04-20.html Finance, Economics and Markets Thu, 09 Feb 2012 08:49:33 +0000 hourly 1 By: Edward Harrison http://www.creditwritedowns.com/2009/04/links-2009-04-20.html#comment-56215 Edward Harrison Tue, 21 Apr 2009 13:53:00 +0000 http://www.creditwritedowns.com/?p=7945#comment-56215 Tom, apropos Volcker, I am definitely getting the feeling that Volcker is very 'off message' and he's gone rogue on Obama. It is becoming increasingly obvious that he did not agree with Summers and Geithner on policy and that's why Summers froze him out. Tom, apropos Volcker, I am definitely getting the feeling that Volcker is very ‘off message’ and he’s gone rogue on Obama. It is becoming increasingly obvious that he did not agree with Summers and Geithner on policy and that’s why Summers froze him out.

]]> By: Tom Cole http://www.creditwritedowns.com/2009/04/links-2009-04-20.html#comment-56212 Tom Cole Mon, 20 Apr 2009 21:41:00 +0000 http://www.creditwritedowns.com/?p=7945#comment-56212 <i>By setting 2% as an inflation objective, the Fed is “telling people in a generation they’re going to be losing half their purchasing power,” Volcker said.</i> ...yes and we all know that in reality it will be much worse... By setting 2% as an inflation objective, the Fed is “telling people in a generation they’re going to be losing half their purchasing power,” Volcker said.

…yes and we all know that in reality it will be much worse…

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