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Strategies & Market Trends : Heinz Blasnik- Views You Can Use
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From: Eva3/4/2011 11:20:05 AM
5 Recommendations   of 4904
 
updates -- trotsky, 10:58:18 03/04/11 Fri
1. Bernanke and King defend their easy money policies

One of the most widely published economists of our times, Ben Bernanke continues to maintain that 'inflation' is created by...inflation. Stung by criticisms that QE plays a role in goosing commodity prices, he once again insists on the occasion of his Congressional testimony that 'higher oil prices could lead to inflation', the same zinger he uttered back in 2008. Well, no, they can't. What creates inflation is the central bank's printing press. Higher oil prices are an effect, a symptom of this inflationary policy. We're not sure if he's really that dense or if it is just a propaganda tactic.
Meanwhile, Dan Alpert of Westwood Capital explains in an interview why the US banking system remains in an advanced state of zombification. All the berating US officials directed at Japan over the years is implicitly revealed as rank hypocrisy.
Both Bernanke and the BoE's Mervyn King go on record promising more inflation 'if needed'. King continues to offer bizarre rationalizations for keeping rates at 0.5% while annualized CPI in the UK is closing in on the 5% level. His latest pronouncement: raising rates would be 'self-defeating'. Given this policy stance, wealth creation in the UK economy is destined to remain under great pressure.
Included: two long term charts of the Saudi Al-Tadawul All Share index. An overlay with the Nasdaq shows that this was a typical bubble pattern now immersed in a secular bear market.
acting-man.com
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