With all of the recent attention given to the U.S. credit downgrade by S&P, I think it is interesting to look back at the debate on the topic in February 2010. On February 11 2010, I wrote a blog post titled “Treasury Secretary Geithner’s Comments” regarding an interview he gave that week, in which he … Read moreA Look Back – The U.S. Credit Rating Debate In February 2010
On Friday, September 10 Timothy Geithner was interviewed by The Wall Street Journal. During this interview, he said: “[The] typical error most countries make coming out of a financial crisis is they shift too quickly to premature restraint. You saw that in the United States in the 30s, you saw that in Japan in the … Read moreGeithner Interview: 1930s Comparison
Treasury Secretary Timothy Geithner was on “This Week” on Sunday and made various comments. Here is the link: http://abcnews.go.com/ThisWeek/week-transcript-treasury-secretary-timothy-geithner/story?id=9758951 I could make a lot of comments regarding this interview. However, I would like to focus on this one exchange: TAPPER: The Congress just voted to raise the debt ceiling to more than $14 trillion dollars. … Read moreTreasury Secretary Geithner’s Comments
As seen in the Fortune story of June 15 titled “Economy in ‘early stages of repair’”: “The stock market’s rally serves as “broad validation” of the Obama administration’s financial rescue efforts, Treasury Secretary Tim Geithner said Monday.” While ostensibly this is correct, and commonly-held theory states that a stock market rally would precede an economic … Read moreIs The Stock Market Rally a ‘Validation’?