Thursday, August 23, 2007
More on the Liquidity Addicts
In my previous post I spelled out a few reasons why the Jim Cramers of the world are liquidity addicts. Regarding these folks, I would be remiss not to point you to Dean Baker's posting, Wall Street Welfare Wimps Keep Whining, and the posting by Macro Man, 1-800-Bailout . Although the middle-of-roaders on this issue such as Mark Thoma and the Economist make good points about preventing contagion, I suspect that even they squirm uncomfortably when hearing the rants of liquidityholics.