Comments on: Bernanke Paints Himself Into a Corner http://dailyreckoning.com/bernanke-paints-himself-into-a-corner/ Covering the economy, global markets and world politics. Sun, 22 Nov 2009 06:01:02 -0600 http://wordpress.org/?v=2.8.4 hourly 1 By: Bernanke Paints Himself Into a Corner from The Daily Reckoning http://dailyreckoning.com/bernanke-paints-himself-into-a-corner/#comment-311 Bernanke Paints Himself Into a Corner from The Daily Reckoning Tue, 10 Feb 2009 01:52:07 +0000 http://www.dailyreckoning.com/?p=10602#comment-311 [...] the strategies of Federal Reserve Chairman in the recent spending and increase in the money supply (http://www.dailyreckoning.com/bernanke-paints-himself-into-a-corner/). This entry was posted in Feature Article. Bookmark the permalink. Post a comment or leave a [...] [...] the strategies of Federal Reserve Chairman in the recent spending and increase in the money supply (http://www.dailyreckoning.com/bernanke-paints-himself-into-a-corner/). This entry was posted in Feature Article. Bookmark the permalink. Post a comment or leave a [...]

]]> By: Ted http://dailyreckoning.com/bernanke-paints-himself-into-a-corner/#comment-77 Ted Thu, 29 Jan 2009 06:46:35 +0000 http://www.dailyreckoning.com/?p=10602#comment-77 On the main topic - great article - I would like to see a piece explaining the seesaw in Non-Borrowed Reserves that just happened in the last two weeks; I have read a few accounts about it but nothing understandable. On the other topic - the United States doesn't need a "Manhattan Project for Energy"; we actually already have funded one - maybe you've heard of it - it was called "The Manhattan Project" - and the learnings from it have enabled France to generate 85% of their electricity from a source which is far more productive and cheap than wind or solar. Sorry, couldn't resist ;-) On the main topic – great article – I would like to see a piece explaining the seesaw in Non-Borrowed Reserves that just happened in the last two weeks; I have read a few accounts about it but nothing understandable.

On the other topic – the United States doesn’t need a “Manhattan Project for Energy”; we actually already have funded one – maybe you’ve heard of it – it was called “The Manhattan Project” – and the learnings from it have enabled France to generate 85% of their electricity from a source which is far more productive and cheap than wind or solar. Sorry, couldn’t resist ;-)

]]> By: Ben Bernanke got crappy painting skills « Save Capitalism http://dailyreckoning.com/bernanke-paints-himself-into-a-corner/#comment-76 Ben Bernanke got crappy painting skills « Save Capitalism Thu, 29 Jan 2009 06:25:21 +0000 http://www.dailyreckoning.com/?p=10602#comment-76 [...] this excellent piece by Robert [...] [...] this excellent piece by Robert [...]

]]> By: Gator II http://dailyreckoning.com/bernanke-paints-himself-into-a-corner/#comment-71 Gator II Thu, 29 Jan 2009 02:51:53 +0000 http://www.dailyreckoning.com/?p=10602#comment-71 Can you help me understand what impact bank asset writedowns from the housing downturn impacts the potential looming inflation from your article? I'm under the impression that banks leverage credit off of assets. So if this is true would a decline in bank assets --- all the housing mortgages --- in steady decline of value counterbalance how this increase in the monetary base is ultimately leveraged by establishing credit? It seems once the housing market settles to a new capital base, hello inflation...provided there's any monetary base remaining to offset the losses! Can you help me understand what impact bank asset writedowns from the housing downturn impacts the potential looming inflation from your article? I’m under the impression that banks leverage credit off of assets. So if this is true would a decline in bank assets — all the housing mortgages — in steady decline of value counterbalance how this increase in the monetary base is ultimately leveraged by establishing credit? It seems once the housing market settles to a new capital base, hello inflation…provided there’s any monetary base remaining to offset the losses!

]]> By: Sherry http://dailyreckoning.com/bernanke-paints-himself-into-a-corner/#comment-46 Sherry Wed, 28 Jan 2009 15:53:49 +0000 http://www.dailyreckoning.com/?p=10602#comment-46 We need to utilize everything in out power to reduce our dependence on foreign oil including using our own natural resources.OPEC will continue to cut production until they achieve their desired 80-100. per barrel. The high cost of fuel this past year seriously damaged our economy and society. Oil is finite. We are using oil globally at the rate of 2X faster than new oil is being discovered. We need to take some of these billions in bail out bucks and bail ourselves out of our dependence on foreign oil. Jeff Wilson has a really good new book out called The Manhattan Project of 2009 Energy Independence Now. He explores our uses of oil besides gasoline, our depletion, out reserves and stores as well as viable options to replace oil.Oil is finite, it will run out in the not too distant future. WE need to take some of these billions in bail out bucks and bail America out of it's dependence on foreign oil. The historic high price of gas this past year did serious damage to our economy and society.If all gasoline cars, trucks, and SUV's instead had plug-in electric drive trains, the amount of electricity needed to replace gasoline is about equal to the estimated wind energy potential of the state of North Dakota. WE should never allow others to have that much power over our economy again. Every member of congress needs to read this book. We need to utilize everything in out power to reduce our dependence on foreign oil including using our own natural resources.OPEC will continue to cut production until they achieve their desired 80-100. per barrel. The high cost of fuel this past year seriously damaged our economy and society. Oil is finite. We are using oil globally at the rate of 2X faster than new oil is being discovered. We need to take some of these billions in bail out bucks and bail ourselves out of our dependence on foreign oil. Jeff Wilson has a really good new book out called The Manhattan Project of 2009 Energy Independence Now. He explores our uses of oil besides gasoline, our depletion, out reserves and stores as well as viable options to replace oil.Oil is finite, it will run out in the not too distant future. WE need to take some of these billions in bail out bucks and bail America out of it’s dependence on foreign oil. The historic high price of gas this past year did serious damage to our economy and society.If all gasoline cars, trucks, and SUV’s instead had plug-in electric drive trains, the amount of electricity needed to replace gasoline is about equal to the estimated wind energy potential of the state of North Dakota. WE should never allow others to have that much power over our economy again. Every member of congress needs to read this book.

]]> By: Francis M. Weld http://dailyreckoning.com/bernanke-paints-himself-into-a-corner/#comment-18 Francis M. Weld Wed, 28 Jan 2009 00:03:12 +0000 http://www.dailyreckoning.com/?p=10602#comment-18 Great article. I'd also include the searing of the American persona by the branding iron of overindebtedness to account for some of the retiscence in taking on new loans. Just as the banks don't want to make new loans to deadbeats, a lot of Americans "in the water" realize that they no longer have their bathing suits and are not really anxious to get back up to the beach of unrestrained borrowing. Great article. I’d also include the searing of the American persona by the branding iron of overindebtedness to account for some of the retiscence in taking on new loans. Just as the banks don’t want to make new loans to deadbeats, a lot of Americans “in the water” realize that they no longer have their bathing suits and are not really anxious to get back up to the beach of unrestrained borrowing.

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