loosecannon
Senior Member
- May 7, 2007
- 4,888
- 269
- 48
There is a well known gambling trick that is guaranteed to always earn you money provided that the table keeps playing and you can afford the stakes.
Every time you lose you double down. 2>1, 4>1+2, 8>1+2+4 etc.
I am beginning to get the feeling that a policy decision has been made involving the fed and the Federal government to double down as long as it takes until we win.
A) the reaction to the second announcement of QEII was disproportionate considering the same announcement a few weeks earlier hardly caused a ripple in the force field
B) even within Fed Board circles the second announcement caused a significant split
C) the Congress and WH seem to have lost their minds just within the last few weeks piling on massive amounts of new deficit spending even in the wake of public warnings from....
D) ...Moody's that this course will lead to our credit rating being downgraded
E) the deficit reduction committee that was considered a serious concern just a month ago is being ignored by all
F) China hasn't broken the peg and doesn't look likely to do so, but expressed measured alarm over QEII, as did Germany, and publicly
G)as a last ditch effort, in a real emergency, it makes good economic sense to double down until you win, esp when your fed can print more money than anybody
If I am wrong then everybody in DC belongs in an asylum.
Every time you lose you double down. 2>1, 4>1+2, 8>1+2+4 etc.
I am beginning to get the feeling that a policy decision has been made involving the fed and the Federal government to double down as long as it takes until we win.
A) the reaction to the second announcement of QEII was disproportionate considering the same announcement a few weeks earlier hardly caused a ripple in the force field
B) even within Fed Board circles the second announcement caused a significant split
C) the Congress and WH seem to have lost their minds just within the last few weeks piling on massive amounts of new deficit spending even in the wake of public warnings from....
D) ...Moody's that this course will lead to our credit rating being downgraded
E) the deficit reduction committee that was considered a serious concern just a month ago is being ignored by all
F) China hasn't broken the peg and doesn't look likely to do so, but expressed measured alarm over QEII, as did Germany, and publicly
G)as a last ditch effort, in a real emergency, it makes good economic sense to double down until you win, esp when your fed can print more money than anybody
If I am wrong then everybody in DC belongs in an asylum.