No he doesn't .. he is scared out of his wits and like any frightened child he pretends everything is rosey. It is the only way he can cope with each day. regards f9
It looks nice though. Family car. You and your woman in the front and Mr. Inflation and Mr. Plunging Dollar in the back.
I would suggest to you that Bernanke's actions today are more telling of an ECONOMY that is absolutely DEAD in the water . . . And for what its worth, Fed Funds spent most of November averaging around 0.40 percent.
You might was well get a nice car...life is too short and you can't take your worthless dollars with you...
The FED is out of tricks? Who are you trying to kid? It's not just about interest rates, or have you not looked at the FED's balance sheet over the past couple of months? They can go into the market place and buy just about every asset in America, and beyond.
I imagine that dead water is the only course of action right now until this huge ponzi scheme unravels and we are left with what is the real US economy. Then and only then can a plan for growth be assembled and put into play but it will not go anywhere near 15T per year. Time is the only real player right now. Fiddling with the controls only serves to confuse. However collateral People feel that they must be seen to fiddle probably because they have never known an honest days work in their life. regards f9
Sure and send oil to $200 and beyond. Any kind of policy is restricted by energy prices and imported inflation. Given the trade deficit, the FED just delivered to itself a pink slip.
what do you have against the free market? Why do you want to see the stock market and the US economy fail?
I would suggest that it's a "bet" that the FED can make given the fact that oil prices and most commodities have collapsed due to a much weaker GLOBAL economy.