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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: Dan3 who wrote (76417)3/19/2008 3:12:02 AM
From: mishedlo  Read Replies (3) of 116555
 
I think Bernanke has decided to handle falsely doubled housing prices with a 50% inflation in prices and money supply - and then hopes (and expects) to be able to halt the inflation as quickly as it was begun.

50% inflation does not do a god damn thing for someone without a job except bankrupt him. For that matter, since wages aren't going up, 50% inflation bankrupts everyone.

Think of what that would do to interest on the national debt.

Thus Such talk as a solution is absurd and Bernanke knows it.

Mish
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