Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (186510)	2/25/2009 1:56:54 PM
From: DebtBomb	Respond to of 306849

LOL....I'm wondering if the dollar double topped?

To: patron_anejo_por_favor who wrote (186510)	2/25/2009 2:49:14 PM
From: DebtBomb	Read Replies (1) \| Respond to of 306849

"I do quite seriously believe we avoided in mid-October ... a collapse of the global financial system which would have led us into a truly deep and very protracted economic crisis," he said. EXIT STRATEGY The Fed chairman acknowledged that at some point economic growth would begin to take up the economy's slack, and said that would mean reversing policy to prevent the enormous increase in the U.S. money supply from creating inflation. "It is very important for us, once the economy begins to recover -- as usual, the Fed would have to begin to tighten policy -- it is very important for us to begin then to unwind our monetary expansion," he told lawmakers. Critics worry it will be hard for the Fed to abandon major programs to prop up the market for mortgages and consumer loans, and fear a troubling inflation will be the eventual result. These programs have ballooned the size of the Fed's balance sheet to almost $2 trillion. Bernanke acknowledged the risks, but said many of the emergency measures taken by the Fed to boost credit markets would expire with time, and he stressed there was more than one way to tighten monetary policy to curb inflation. "We also have other tools, such as our ability to pay interest on reserves, which will help us raise interest rates, even if we don't get the amount of money outstanding back down as quickly as we otherwise would like." finance.yahoo.com