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Hi, I’m Brad Feld, a managing director at the Foundry Group who lives in Boulder, Colorado. I invest in software and Internet companies around the US, run marathons and read a lot.

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Can I Have Some More Crack Please?

Comments (3)

I’m not a macroeconomics guy – never have been, never will be.  I don’t watch CNBC, Bloomberg, CNN, or even Fox News.  When I was on the board of several public companies, I used to hit refresh on my My.Yahoo home page about 371 times a day – I no longer have a My.Yahoo home page (or any public company board seats – never again.)

I’ve learned that the day to day macro stuff doesn’t impact what I do.  It’s just noise.  And I have more than enough things that I chose to focus on, so I do my best to consciously filter out the noise.

Unfortunately, I made the mistake of listening to CNBC (or Bloomberg – how’s that – I’m not even sure which one it was) while I squeezed in a run on a treadmill before dinner tonight in Boston.  Here’s the great insight that I heard from an "interest rate expert economist dude."

"I was expecting the 0.75% rate cut next week at the FOMC meeting.  It’s great that the Fed stepped up and did the emergency rate cut today.  Now we need to see what next week brings.  I think the market has already priced in another 0.25% to 0.50% rate cut next week at the FOMC meeting."

So what’s he’s really saying is "thanks Mr. Fed – can you now give me some more crack next week when the crack you just gave me gets used up?"

  • Phil

    Disgraceful, isn't it. The greedy and foolish get bailed out and instead the risk inherent in the system is passed onto the public, which not has to deal with more sodding inflation.

  • http://www.defragcon.com Eric Norlin

    some thoughts on this:
    http://defragcon.com/Blog/?p=191

  • http://www.movingfrommetowe.com/ KareAnderson

    Well I've been on the board of just one (private) company but have been a biz journalist most of my life and I came away with much the same view – you just expressed it more directly

  • Eric Norlin

    some thoughts on this:
    http://defragcon.com/Blog/?p=191

  • http://intensedebate.com/people/kareanderson kareanderson

    Well I've been on the board of just one (private) company but have been a biz journalist most of my life and I came away with much the same view – you just expressed it more directly

  • Phil

    Disgraceful, isn't it. The greedy and foolish get bailed out and instead the risk inherent in the system is passed onto the public, which not has to deal with more sodding inflation.

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