I know, I know, I'm obsessed

[andrewducker]

Interesting viewpoint here that the governments should stop interfering in the credit crunch, because they're setting things up for "an inflationary holocaust":

Comments

[henriksdal.livejournal.com]

Youtube decided to show me a video of three people in a grocery store discussing robots vs werewolves. yaay!

I see your serious interest and raise you

[andrewducker]

Wow, that's so not what it's showing me!

I'll look at your video when I get back from the shops!

[henriksdal.livejournal.com]

It's OK, I wouldn't rush home for it

[rhythmaning.livejournal.com]

Great video!

Although it would have benefited from Corporal Jones running around shouting "Don't panic!", too.

[rhythmaning.livejournal.com]

When the crunch first started, I remember reading somewhere that it was largely down to the relaxation of monetary policy by the Fed - ie Alan Greenspan - following the bursting of the tech stock bubble in 2000. This made credit very cheap, raising the prices of many asset classes to bubble proportions - notably housing.

Sorry, I can't remember where!

[andrewducker]

Yup, you could view that interest rate drop as the inciting incident in the housing bubble.

[themongkey.livejournal.com]

So is the latest interest rate cut supposed to XOR the first one, or what?

[kurosau.livejournal.com]

I believe (now that I've watched this video) that I dislike this adventure capitalist and his ideas of an inflationary holocaust.