The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Perspective who wrote (239582)	2/27/2010 8:12:15 AM
From: orkrious	Read Replies (2) of 306849

That was very interesting. For all the blather about how positive Bernanke's speech was for the markets, I never heard anyone focus on the "we will not monetize the debt" line. I'm not sure if I believe Bernanke when he says that. I read about that a bunch of places. I, for one, don't believe him. Hell, that's what he's been doing. WTF else do you calll it when the Fed buys garbage MBS from banks with funds newly created out of thin air? Ben is a lying sack of sh*t. The only thing the Fed has going for it is the public's (waning) confidence. He will say and do anything to maintain it. Fleck went back and looked at a bunch of his old work/speeches. Printing is the only thing Ben knows how to do. It is the same with other western gov'ts. Economic weakness? Push down on the accelerator. The Fed is going to print until the press is taken away from it by the markets.

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