My Sonics lost to the Nuggets 168-116 on Sunday.
How can you score 116 and still lose by 52? PJ Carlisimo is the worst coach in the league. He should get a lifetime ban from the NBA after this. He has the Sonics playing zero defense. And his offense is horrible too.
The offensive strategy goes: pass it around, if Durant catches it, he shoots. Durant is a great player, but he's not the only good player they have and he needs coaching to learn how to play within the offense. Until he can play within the offense, he should come off the bench as a 6th man so he can shoot as much as he wants. And #5 draft pick Jeff Green is pretty much ignored by the offense.
The Sonics are lost to Oklahoma, which probably makes it hard to focus, but PJ Carlisimo makes it worse than it needs to be. He is however succeeding at his job of making the team so bad that no one will care when they move.
Wednesday, March 19, 2008
Monday, March 17, 2008
Backwards Economic Policy
Enough with these namby-pamby rate cuts. It's time for Ben Bernanke to be a real man and do what the economy needs: raise rates! He's cut rates time after time and none of them have yet had an effect on the economy.
The core problem of this economic downturn is that there's not enough credit supply. Rate cuts increase credit demand, but don't help supply. Banks don't lend (and provide credit supply) for two reasons:
1) They don't have cash to lend
2) They don't think they'll get their lent cash back
Raising interest rates will address both of these problems:
1) Higher rates will motivate more investors to put money in deposits. Tax cuts on interest on bank deposits for this year will further motivate investors to put cash in banks.
2) Higher rates mean banks get more money back for lending. When rates are low, they get less money back for lending, reducing motivation to lend. Raise the potential payback for lending, and you raise motivation to lend.
Conversely, cutting rates makes both problems in credit supply worse.
Bernanke is cutting rates when he should be raising them. We're still in trouble after multiple rate cuts, including the one this weekend. And the government should be cutting taxes on deposits, not sending blanket rebates. Higher rates will hurt some people and businesses, but it's better to hurt some for the short term than to hurt everyone for the long term by pushing us all into stagflation.
Good luck everybody. Bernanke's driving backwards.
The core problem of this economic downturn is that there's not enough credit supply. Rate cuts increase credit demand, but don't help supply. Banks don't lend (and provide credit supply) for two reasons:
1) They don't have cash to lend
2) They don't think they'll get their lent cash back
Raising interest rates will address both of these problems:
1) Higher rates will motivate more investors to put money in deposits. Tax cuts on interest on bank deposits for this year will further motivate investors to put cash in banks.
2) Higher rates mean banks get more money back for lending. When rates are low, they get less money back for lending, reducing motivation to lend. Raise the potential payback for lending, and you raise motivation to lend.
Conversely, cutting rates makes both problems in credit supply worse.
Bernanke is cutting rates when he should be raising them. We're still in trouble after multiple rate cuts, including the one this weekend. And the government should be cutting taxes on deposits, not sending blanket rebates. Higher rates will hurt some people and businesses, but it's better to hurt some for the short term than to hurt everyone for the long term by pushing us all into stagflation.
Good luck everybody. Bernanke's driving backwards.
Subscribe to:
Posts (Atom)