Yesterday I sent you an Outside the Box from Paul McCulley who supports the government and Fed activity (in general) in the current economic crisis. Today we look at an opposing view from Bennet Sedacca of Atlantic Advisors. He asks some very interesting questions like: Shouldn't the consumer, after...
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John Mauldin's Outside the Box
by
John Mauldin
on
01-07-2009
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Filed under: Mortgage, Housing, The Fed, Subprime, Interest Rates, Portfolio Diversification, Consumer Debt, Financial Reform, Fannie Mae, Freddie Mac, Bank Failures, Corporate Debt, Bennet Sedacca, Bailout, Bear Market, FOMC, Economic Crisis, T-Bills
On Monday, in a CNBC Europe interview, Jim Rogers wondered if the US was “…more communist than China .” He was referring to the Fed’s bailout of Freddie Mac and Fannie Mae, and to a lesser extent, the bailout of Bear Stearns back in March. “Socialism for the rich”...