Unfortunately you're so correct....AG and BB need hemp! -vbg-
"So far things are in metastable state in which
his printing is not commensurate with inflation."
But then bernake went to Princeton, how can you question
a man who's doing god's work, this would be my questions
for the chairman....
Question, Chairman Bernanke would the Dow going to 20K
be good for the economy?
Answer,Well Steve thank you for that question, yes the economy
should improve and employment might reach our target
along with our low inflation target, so yes that would be good.
Question,Steve Liesman, Mr Chairman a follow up, would the Dow going
to 4K be detrimental to the economy and how so?
Answer, Steve I don't answer hypothetical questions!
Next.
Are you doing god's work?
God's work......-vbg-
“No one can tell me that what the Fed is doing isn’t helping the economy,” he says, adding that the policy has also helped boost the prices of stocks and other assets, which in turn help accelerate consumer spending. But he admits that the Fed’s swelling of its balance sheets to stimulate the economy “is totally new…[and] rewriting history.” |
