On Nov 27, 2008, at 3:00 PM, Chuck Grimes wrote:
> I just read it, and yes it does sound like the same approach. But
> what's interesting to me is what these policies imply. Which is, we
> are not headed into a down turn, a recession, deflation or some other
> emphemism. It sounds to me like Bernanke et al. think we are headed
> into that dispreferred expression, a Depression.
My guess is that they fear that that's a real risk and they're doing everything they can to stop it. And god knows they're doing a lot - esp if you add the likely $700b stimulus that the New Boss will sign in January.