This afternoon I’m on Bloomberg TV, from 2:00pm to 2:20 or so discussing the Fed rescue plans, the Markets, and the creative destruction of capitalism.
Some bullet points I hope to hit:
• The policy debate between recession vs. inflation is so 2007. The more current debate is whether the Fed is pushing on a string, and if the USA is looking at a situation similar to Japan in the 1990s.
• Is the Fed’s ongoing interference in the markets positive or negative? Should some fIrms be allowed to fail — or at least get banged up enough that someone — better risk management, stronger capitalization, smarter management — is able to swoop in and buy ’em cheaper?
• Paulson’s stronger mortgage rules are not a day late, and a dollar short — they are a half decade late, a few a trillion dollars short . . .
If you are not near a TV, you can stream it. Should be fun. . .
UPDATE March 15, 2008 6:45am
Here’s a cool new source for me: Find Internet TV.com