Jeremy Siegel on Bear Stearns, the Rate Cuts and Inflation

[assh0le911]

Bear sterns real problem may have been their deerivtives i.e. CDS which they sold to various buyers of mortgage securities. now since JP morganchase has more than 50% of derivatives markets it is reasonable to assume they were also exposed to bear sterns CDSand. so instead of getting caught with worthless securites or CDS if bears defaults they somehow put some pressure on fed and bought out BS for a song.

[jerkosome]

why do economists voice confident opinions?

[1dgg9h4dr6ppp8]

Well, very mild recession if we even have one turned out to be almost as wrong as could be. Just goes to show you, even the most enlightened out there really don't know shit. Go do the CFA program if you don't believe me. Predicting just doesn't work out.

[jsyc07]

It was good that the Fed lowered rates but they don't do enough to fight inflation? LOWERING RATES HELPS CAUSE INFLATION! All the Fed does is create inflation! Jeremy Siegel shouldn't be teaching economincs in public school let alone Wharton.

[benjleeru]

rofl, "we don't have runs on banks anymore". Funny story, we have plenty of bank runs.

[CivilRiot]

Wow, someone fire this retard before he further embarrasses himself.

[savastis4]

Mr. spin doctor, apologist for central palnners. Wander why Charlie Munger called jim demented?

[iwunder]

Jontpython..trying to obfuscate what inflation is not helpful. A Proper definition of inflation is needed inflation=increase in money supply. The fed can be ever-vigilant....but the system is too far gone...they know it...it's a corrupted system that is coming to the end of it's life cycle...it's obvious that our worldwide economic system is dying...Our money system is dying...Buy gold, buy silver...

[daveextra]

professor j.siegel ? professor of what ? public relations for the federal reserve bank and bush administration/greenspan/berna­nke fictitious paper inflationary cheap credit boom ? the value which has been spent/consumed has'nt been produced yet. if you really are a professor of economic's, how come you did'nt see this disaster that's nowhere near played out yet, coming ?

[iwunder]

Purchasing Gold/Silver using debauched/devalued currencies is a strong show of NO CONFIDENCE in their leadership...Vote while your dollars still have some purchasing power

By the way...WE DO HAVE RUNS ON THE BANKS...WE JUST HAD ONE WITH BEAR STEARNS!

[iwunder]

2:10 I am concerned that the fed is not acting as concerned about inflation as it should...Of course the Fed is not concerned about inflation, the Fed is responsible for inflation... increase in money supply=higher prices.... it's not that hard of a concept to understand, inflation is created by the Fed for the Fed and it's buddies...we get stuck with the bill.. (higher prices for everything)