tag:blogger.com,1999:blog-7905515.post1476372149171921988..comments2024-03-14T11:09:32.759-05:00Comments on Falkenblog: Federal StimulusEric Falkensteinhttp://www.blogger.com/profile/07243687157322033496noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7905515.post-70857709724483130102009-02-11T01:42:00.000-06:002009-02-11T01:42:00.000-06:00By Casey Mulligan, you mean Kevin Murphy?By Casey Mulligan, you mean Kevin Murphy?Matthew Gunnhttps://www.blogger.com/profile/04026616235491904619noreply@blogger.comtag:blogger.com,1999:blog-7905515.post-11198652008562194552009-02-10T22:05:00.000-06:002009-02-10T22:05:00.000-06:00I honestly believe that the primary reason equity ...I honestly believe that the primary reason equity markets have taken such a hit is the expectation that a pricey government stimulus like the one we are about to have foisted upon is will be a permanent drag on growth. <BR/><BR/>All things considered, I am pretty happy with what has gone on at Treasury, and I think that those actions alone would turn the economy around roughly as quickly as is possible given the need for banks to deleverage. It is not even clear that the Treasury's investments on the whole are bad ones (AIG excluded). The fiscal stimulus on the other hand is a clear loser.Anonymousnoreply@blogger.com