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Thursday, August 26, 2010
Wednesday, July 14, 2010
the market needs a specific kind of confidence
Mr. Geithner is gradually discovering that to recover, the market needs a specific kind of confidence. It is not something Washington can hand down. It is not even demand confidence—the confidence of the consumer who wants to shop. The confidence relevant to recovery is the confidence of the investor and the saver. It comes only when an administration in Washington demonstrates reliability and restraint.
Unfortunately the importance of this specific version of confidence tends to take a while to sink in. And that in turn tends to delay general recovery. This is what the painfully halting education of another U.S. Treasury secretary long ago, Henry Morgenthau Jr., makes clear.
Rolex Air King Watches
Morgenthau started out in government with no notion of confidence at all. It was 1933, and President Franklin Delano Roosevelt knew he confronted an economic crisis. But the president didn't feel like working with the critical old Wall Street crowd. His first Treasury secretary, an establishment businessman named William Woodin, fell ill. Woodin's withdrawal did not upset Roosevelt, who liked to pilot the national ship himself. "I think father wanted to be his own Secretary of the Treasury," James Roosevelt would later write.Replica Rolex Daytona
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Treasury Secretary Henry Morgenthau with economist John Maynard Keynes, 1943.
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Over the summer of 1933, FDR found himself relying increasingly on someone he was sure would say "yes"—Morgenthau, his timid old Dutchess County neighbor who held a post at the Farm Credit Administration. With the aid of his "yes" man, Roosevelt launched a novel gold purchase program. The plan was to drive up the general price level by buying gold. Each morning, FDR set the gold price target, personally. This in turn was supposed to help farmers, who would get higher prices for commodities.
Theoretically, Roosevelt's idea of reflating can be defended. More money might mean more growth.Replica Rolex Day Date II
But the exposure to investors that Morgenthau was getting through the gold purchase project of 1933 was already teaching him something. Investors didn't like the arbitrariness. It took away their confidence. One day Morgenthau asked FDR why the president had chosen to drive up the price of gold by 21 cents. The president cavalierly said he'd done that because 21 was seven times three, and three was a lucky number. "If anyone ever knew how we really set the gold price through a combination of lucky numbers etc., I think they would be frightened," Morgenthau wrote in his diary. And they were: In the second half of 1933 a powerful stock rally flattened.
Unfortunately the importance of this specific version of confidence tends to take a while to sink in. And that in turn tends to delay general recovery. This is what the painfully halting education of another U.S. Treasury secretary long ago, Henry Morgenthau Jr., makes clear.
Rolex Air King Watches
Morgenthau started out in government with no notion of confidence at all. It was 1933, and President Franklin Delano Roosevelt knew he confronted an economic crisis. But the president didn't feel like working with the critical old Wall Street crowd. His first Treasury secretary, an establishment businessman named William Woodin, fell ill. Woodin's withdrawal did not upset Roosevelt, who liked to pilot the national ship himself. "I think father wanted to be his own Secretary of the Treasury," James Roosevelt would later write.Replica Rolex Daytona
View Full Image
shlaes
Getty Images
Treasury Secretary Henry Morgenthau with economist John Maynard Keynes, 1943.
shlaes
shlaes
Over the summer of 1933, FDR found himself relying increasingly on someone he was sure would say "yes"—Morgenthau, his timid old Dutchess County neighbor who held a post at the Farm Credit Administration. With the aid of his "yes" man, Roosevelt launched a novel gold purchase program. The plan was to drive up the general price level by buying gold. Each morning, FDR set the gold price target, personally. This in turn was supposed to help farmers, who would get higher prices for commodities.
Theoretically, Roosevelt's idea of reflating can be defended. More money might mean more growth.Replica Rolex Day Date II
But the exposure to investors that Morgenthau was getting through the gold purchase project of 1933 was already teaching him something. Investors didn't like the arbitrariness. It took away their confidence. One day Morgenthau asked FDR why the president had chosen to drive up the price of gold by 21 cents. The president cavalierly said he'd done that because 21 was seven times three, and three was a lucky number. "If anyone ever knew how we really set the gold price through a combination of lucky numbers etc., I think they would be frightened," Morgenthau wrote in his diary. And they were: In the second half of 1933 a powerful stock rally flattened.
the market needs a specific kind of confidence
Mr. Geithner is gradually discovering that to recover, . It is not something Washington can hand down. It is not even demand confidence—the confidence of the consumer who wants to shop. The confidence relevant to recovery is the confidence of the investor and the saver. It comes only when an administration in Washington demonstrates reliability and restraint.
Unfortunately the importance of this specific version of confidence tends to take a while to sink in. And that in turn tends to delay general recovery. This is what the painfully halting education of another U.S. Treasury secretary long ago, Henry Morgenthau Jr., makes clear.
Rolex Air King Watches
Morgenthau started out in government with no notion of confidence at all. It was 1933, and President Franklin Delano Roosevelt knew he confronted an economic crisis. But the president didn't feel like working with the critical old Wall Street crowd. His first Treasury secretary, an establishment businessman named William Woodin, fell ill. Woodin's withdrawal did not upset Roosevelt, who liked to pilot the national ship himself. "I think father wanted to be his own Secretary of the Treasury," James Roosevelt would later write.Replica Rolex Daytona
View Full Image
shlaes
Getty Images
Treasury Secretary Henry Morgenthau with economist John Maynard Keynes, 1943.
shlaes
shlaes
Over the summer of 1933, FDR found himself relying increasingly on someone he was sure would say "yes"—Morgenthau, his timid old Dutchess County neighbor who held a post at the Farm Credit Administration. With the aid of his "yes" man, Roosevelt launched a novel gold purchase program. The plan was to drive up the general price level by buying gold. Each morning, FDR set the gold price target, personally. This in turn was supposed to help farmers, who would get higher prices for commodities.
Theoretically, Roosevelt's idea of reflating can be defended. More money might mean more growth.Replica Rolex Day Date II
But the exposure to investors that Morgenthau was getting through the gold purchase project of 1933 was already teaching him something. Investors didn't like the arbitrariness. It took away their confidence. One day Morgenthau asked FDR why the president had chosen to drive up the price of gold by 21 cents. The president cavalierly said he'd done that because 21 was seven times three, and three was a lucky number. "If anyone ever knew how we really set the gold price through a combination of lucky numbers etc., I think they would be frightened," Morgenthau wrote in his diary. And they were: In the second half of 1933 a powerful stock rally flattened.
Unfortunately the importance of this specific version of confidence tends to take a while to sink in. And that in turn tends to delay general recovery. This is what the painfully halting education of another U.S. Treasury secretary long ago, Henry Morgenthau Jr., makes clear.
Rolex Air King Watches
Morgenthau started out in government with no notion of confidence at all. It was 1933, and President Franklin Delano Roosevelt knew he confronted an economic crisis. But the president didn't feel like working with the critical old Wall Street crowd. His first Treasury secretary, an establishment businessman named William Woodin, fell ill. Woodin's withdrawal did not upset Roosevelt, who liked to pilot the national ship himself. "I think father wanted to be his own Secretary of the Treasury," James Roosevelt would later write.Replica Rolex Daytona
View Full Image
shlaes
Getty Images
Treasury Secretary Henry Morgenthau with economist John Maynard Keynes, 1943.
shlaes
shlaes
Over the summer of 1933, FDR found himself relying increasingly on someone he was sure would say "yes"—Morgenthau, his timid old Dutchess County neighbor who held a post at the Farm Credit Administration. With the aid of his "yes" man, Roosevelt launched a novel gold purchase program. The plan was to drive up the general price level by buying gold. Each morning, FDR set the gold price target, personally. This in turn was supposed to help farmers, who would get higher prices for commodities.
Theoretically, Roosevelt's idea of reflating can be defended. More money might mean more growth.Replica Rolex Day Date II
But the exposure to investors that Morgenthau was getting through the gold purchase project of 1933 was already teaching him something. Investors didn't like the arbitrariness. It took away their confidence. One day Morgenthau asked FDR why the president had chosen to drive up the price of gold by 21 cents. The president cavalierly said he'd done that because 21 was seven times three, and three was a lucky number. "If anyone ever knew how we really set the gold price through a combination of lucky numbers etc., I think they would be frightened," Morgenthau wrote in his diary. And they were: In the second half of 1933 a powerful stock rally flattened.
FDR, Obama and 'Confidence'
Mr. Geithner is gradually discovering that to recover, the market needs a specific kind of confidence. It is not something Washington can hand down. It is not even demand confidence—the confidence of the consumer who wants to shop. The confidence relevant to recovery is the confidence of the investor and the saver. It comes only when an administration in Washington demonstrates reliability and restraint.
Unfortunately the importance of this specific version of confidence tends to take a while to sink in. And that in turn tends to delay general recovery. This is what the painfully halting education of another U.S. Treasury secretary long ago, Henry Morgenthau Jr., makes clear.
Rolex Air King Watches
Morgenthau started out in government with no notion of confidence at all. It was 1933, and President Franklin Delano Roosevelt knew he confronted an economic crisis. But the president didn't feel like working with the critical old Wall Street crowd. His first Treasury secretary, an establishment businessman named William Woodin, fell ill. Woodin's withdrawal did not upset Roosevelt, who liked to pilot the national ship himself. "I think father wanted to be his own Secretary of the Treasury," James Roosevelt would later write.Replica Rolex Daytona
View Full Image
shlaes
Getty Images
Treasury Secretary Henry Morgenthau with economist John Maynard Keynes, 1943.
shlaes
shlaes
Over the summer of 1933, FDR found himself relying increasingly on someone he was sure would say "yes"—Morgenthau, his timid old Dutchess County neighbor who held a post at the Farm Credit Administration. With the aid of his "yes" man, Roosevelt launched a novel gold purchase program. The plan was to drive up the general price level by buying gold. Each morning, FDR set the gold price target, personally. This in turn was supposed to help farmers, who would get higher prices for commodities.
Theoretically, Roosevelt's idea of reflating can be defended. More money might mean more growth.Replica Rolex Day Date II
But the exposure to investors that Morgenthau was getting through the gold purchase project of 1933 was already teaching him something. Investors didn't like the arbitrariness. It took away their confidence. One day Morgenthau asked FDR why the president had chosen to drive up the price of gold by 21 cents. The president cavalierly said he'd done that because 21 was seven times three, and three was a lucky number. "If anyone ever knew how we really set the gold price through a combination of lucky numbers etc., I think they would be frightened," Morgenthau wrote in his diary. And they were: In the second half of 1933 a powerful stock rally flattened.
Unfortunately the importance of this specific version of confidence tends to take a while to sink in. And that in turn tends to delay general recovery. This is what the painfully halting education of another U.S. Treasury secretary long ago, Henry Morgenthau Jr., makes clear.
Rolex Air King Watches
Morgenthau started out in government with no notion of confidence at all. It was 1933, and President Franklin Delano Roosevelt knew he confronted an economic crisis. But the president didn't feel like working with the critical old Wall Street crowd. His first Treasury secretary, an establishment businessman named William Woodin, fell ill. Woodin's withdrawal did not upset Roosevelt, who liked to pilot the national ship himself. "I think father wanted to be his own Secretary of the Treasury," James Roosevelt would later write.Replica Rolex Daytona
View Full Image
shlaes
Getty Images
Treasury Secretary Henry Morgenthau with economist John Maynard Keynes, 1943.
shlaes
shlaes
Over the summer of 1933, FDR found himself relying increasingly on someone he was sure would say "yes"—Morgenthau, his timid old Dutchess County neighbor who held a post at the Farm Credit Administration. With the aid of his "yes" man, Roosevelt launched a novel gold purchase program. The plan was to drive up the general price level by buying gold. Each morning, FDR set the gold price target, personally. This in turn was supposed to help farmers, who would get higher prices for commodities.
Theoretically, Roosevelt's idea of reflating can be defended. More money might mean more growth.Replica Rolex Day Date II
But the exposure to investors that Morgenthau was getting through the gold purchase project of 1933 was already teaching him something. Investors didn't like the arbitrariness. It took away their confidence. One day Morgenthau asked FDR why the president had chosen to drive up the price of gold by 21 cents. The president cavalierly said he'd done that because 21 was seven times three, and three was a lucky number. "If anyone ever knew how we really set the gold price through a combination of lucky numbers etc., I think they would be frightened," Morgenthau wrote in his diary. And they were: In the second half of 1933 a powerful stock rally flattened.
Tuesday, June 1, 2010
.Today is the beginning of a new age. Things will never be the same again."
As Turkey embraces, and attempts to lead, the latest jihad against Israel, Turkey's Islamic supremacist Prime Minister fulminates about Israel's acts of defense against the Hamas-linked Jihad Flotilla. "Turkey's PM says Israel should be punished," by Pinar Aydinli and Tulay Karadeniz for Reuters, June 1:
ANKARA (Reuters) - Turkish Prime Minister Tayyip Erdogan called Tuesday for Israel to be punished for storming a Turkish aid ship and said "nothing would ever be the same" in relations between the two allies.
Turkey was infuriated by the killing of nine people, including four Turks, during the Israeli assault Monday to stop a convoy of six vessels delivering aid to the Gaza Strip, and 368 Turks were still being held in Israel.
"Israel's behavior should definitely, definitely be punished," a spirited Erdogan told a meeting of his parliamentary deputies broadcast on live television.
"No one should try to test Turkey's patience," he said.
"The time has come for the international community to say 'enough'," he said. "The United Nations must not stop at its resolution condemning Israel, but stand behind its resolution."...
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"Israel should lift the inhumane embargo on Gaza right away. Killing innocent people is a wicked recklessness," he said louis vuitton Mahina
Erdogan has become popular throughout the Islamic world for his trenchant criticism of Israeli policies toward the Palestinians. With an election due by July next year, Erdogan could bolster support for his Islamist-leaning AK Party..Rolex Daytona Watches .
"Today is the beginning of a new age. Things will never be the same again," he declared. "We will never turn our back on the Palestinians."...
Wednesday, April 7, 2010
President Thin Skin May Cancel Karzai Visit
How dare Hamid Karzai make waves! How Rude!
Mr Karzai was due to meet with President Barack Obama at the White House on May 12.
Mr Obama extended the long-sought invitation during his own visit to Kabul late last month after telling Karzai and his cabinet that he was pleased with progress on anti-corruption measures and the fight against insurgents. At the time he stressed more needed to be done in both areas.
Here we go
“We certainly would evaluate whatever continued or further remarks President Karzai makes, as to whether that’s constructive to have such a meeting, sure,” (Robert Gibbs) added.
In other words, Hamid, STFU because Obama doesn’t know how to handle actual conflict like a President should.
Of course, the White House had to then walk Gibbs’ remarks back somewhat.
related links:IWC watches in 2010
2010 New Omega Seamaster
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Mr Karzai was due to meet with President Barack Obama at the White House on May 12.
Mr Obama extended the long-sought invitation during his own visit to Kabul late last month after telling Karzai and his cabinet that he was pleased with progress on anti-corruption measures and the fight against insurgents. At the time he stressed more needed to be done in both areas.
Here we go
“We certainly would evaluate whatever continued or further remarks President Karzai makes, as to whether that’s constructive to have such a meeting, sure,” (Robert Gibbs) added.
In other words, Hamid, STFU because Obama doesn’t know how to handle actual conflict like a President should.
Of course, the White House had to then walk Gibbs’ remarks back somewhat.
related links:IWC watches in 2010
replica rolex
Wednesday, March 17, 2010
High Quality Replica Watches
Currently, people are fond of wearing watches to accentuate their fashion taste and personal identification. Luxurious designer watches are especially well received by celebrities and pop stars, such as Breitling watches.
My general impression on Breitling watches is excellent and unique. They are famous for the great durability and distinctive design. If you are one of the watch addicts, then I am sure you will be obsessed these watches at the first glance. They perfectly suit those who are on the pursuit of elegance and classic It is impossible for casual observers to distinguish the authentic rolex watches from rolex fake look.
My general impression on Breitling watches is excellent and unique. They are famous for the great durability and distinctive design. If you are one of the watch addicts, then I am sure you will be obsessed these watches at the first glance. They perfectly suit those who are on the pursuit of elegance and classic It is impossible for casual observers to distinguish the authentic rolex watches from rolex fake look.
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