profileDapAd&PG=MSPGEN&AP=1089300250Profile-Public-Combined-page2|SCPProfilesocial.msn.comProfileen-usProfilesocial.msn.com/profile/default.aspxsocial.msn.com/profile/default.aspx?urlName=X6iAZijBzuzD1DQiCH5_c0u0nUHInxLZw&tab=0&ord=1&mkt=en-US&pg=20Public profileProfileProfileProfilePlease type a nickname.There was an error. Please try again later.1be09f3178704de19f499c6fae596ffdFalsemoreen-US
First of all, I don´t think it´s up to the Fed alone to tackle recession. Then, the use of money printing just helps to debase the country´s currency and create asset bubbles. What I defend is to leave to each administration body to do their proper duties.
I agree too, it could go from bad to worse with Yellin. But who is going to replace Bernanke is something that may be defined by the then current environment, and it´s possible that the failure of his policies will lead to another name. Someone not from his group.
It´s never about when the turning point happens. It may be today, but it also may not. What matters is that all the money printing from the Fed is not bringing a strong recovery. We see the bonds in the Fed balance sheet piling up to record levels, we see the national debt piling up too. Soon the Fed will have to halt ...more
When numbers are good, the market goes up. When numbers are bad, the market goes up because the Fed is supposed to react by printing more money. it´s one of those things that work until they don´t work any longer... :). It will end badly someday.
Bernanke is a criminal, as said by Mark Faber and Jim Rogers. His Fed just released information to a group of big banks and investors ahead of the general public. And he has been robbing savers by keeping interest rates at zero for the last 6 years, transferring money to the "too-big-to-fail" banks that got in trouble ...more
Bernanke is truly wrecking this country. Fighting recession and improving the economy is never a mission for the Fed to take up alone. If the Congress and Obama do nothing, it doesn´t give Bernanke the right to rob savers and bail out Wall Street and the big banks.
If the Fed ends its QE policy, the whole market is doomed. That´s because it has been the sole reason why it´s soaring to a bubble. It´s basically robbing savers to transfer their money to big banks.
4/10/2013
To report abusive content:
Select the post to go to the related message board page.