He has already stated interest rates are zero for two more years. Logically, what is left for them to do? The balance sheet is bloated and the world financial system is approaching an intractable situation. Buy S&P futures? More QE? Looks like gold is leaving the Fed in the dust, and frankly they appear helpless to be able to stop it, unlike Volcker's day.
Well, I can't speak for Americans, if you truly believe the lot of you are too useless a group to avoid a Depression well so be it. It'll be whatever your collective skills and efforts amount to. Given what I read on this forum, I'm inclined to believe the decline of the American education system is an issue.
Ben "Da Bear Slayer" Bernanke is a student of "The Great Depression". He knows some things that many don't know. He is going to get creative. Maybe he will ditch the helicopter and ride the C-130.
Absolutely. Whatever that Japan did, Uncle Benjie's gonna do the same! I mean, look at how great their economy did and how they solved their debt problem.
I think it's more the decline of American attitude. American education system is still top notch. Americans are resourceful.