ST Alpha - "I think their points recently tend toward "in most cases we trust the market except where it doesn't make sense..."" (Reading a Post)

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In response to "What I've read of the Berlin Wall issue seems to sound like more of the 'trust the market' they are known for." by ty97

I think their points recently tend toward "in most cases we trust the market except where it doesn't make sense..."

Posted by TFox Nov 9 '09, 09:22

"...in which case, though not ideal, it is clearly the least bad option so go for it."

which, at least to my non-economist eye, seems to more often than not be the right answer.

Responses:

So, basically, they are saying "oops, should have regulated those banks some a few years back" - ty97 Nov 9, 09:23 4
- Actually, they were pretty much saying it at the time - that things weren't sustainable, that mortgage-based securities was too obscure, etc... -- nm - Roger More Nov 9, 09:26 2
  - But were they calling for regulation, or just expecting the banks to fix it themselves? - ty97 Nov 9, 09:28 1
    - They rarely advocate for regulation, for sure, but regulation has lots of unpredictabe consequences, especially on the political side - Roger More Nov 9, 09:35
- it's not like they were the lone voice of getting that one wrong. -- nm - TFox Nov 9, 09:26
(i suck at typing today. there should be an "intervention/regulation is clearly..." up there.) -- nm - TFox Nov 9, 09:22

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I think their points recently tend toward "in most cases we trust the market except where it doesn't make sense..."

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