This just in....

[LanternWaste]

This just in...

I'm not an economist and have (at best) a very vague, very fuzzy understanding of what's happening in the money markets these days. I have even less understanding of how it began and who began it. As I don't know precisely what the problem is, I certainly can't address any of the pro's or con's on possible remedies being discussed.

And although I am tempted to give in to my knee-jerk reactionsim by blaming "them" (you know-- everyone who makes more money than me...), I'm just not confident enough to examine and diagnosis with certainty and absolutism something as arcane and as esoteric as macro-economics on a world-wide scale in the very midst of a crisis.

Imagine how intellectually small I must feel when standing next to you, our very own Rhodes Scholars* with Masters degrees in Macro-Economics-- who comprise I believe, about 95% of all posters here today, and who state with an absolute and dogmatic certainty worthy of the most fire-and-brimstone southern pastor, what actually IS.

As for me, I'm forced to put a bit of trust in those people I've already invested a bit of faith into... I know, I know-- I'm just a sheep. But I'm trying, really I am. Just yesterday, I gave an answer that was complete gibberish to a question I didn't fully understand-- just like you!! What's more, I took a cue from our esteemed Rhodes Scholars* on DU and followed the answer up with a quick, "whatever! how can you be so stupid?" that proceeds so many posts today.

I am in awe of you.

[stillcool]

1. I too am over-whelmed..

by the vast knowledge held by a majority of the posters on DU of the intricacies of global financial institutions and markets, and why liquidity doesn't matter. I cede my opinion, because of my sheer lack of understanding of the legalese written into bills, or the underlying 'crisis' that necessitated such action. I find it really interesting that many of those economists that were so against the bill when it was first proposed became in favor of it. Albeit a little late. It will be interesting to read the articles tomorrow. I like how Barney Frank put it..that he hoped that all those who said Congress was behaving like chicken little's are right. We'll see.