I would let the country go into recession by raising rates. Recession is part of the business and economic cycle. It's a natural phenomina that HAS to occur to clean out the mess easy money created. Printing more money, or making money easy to obtain lowers the value of our currency. The funny thing about it is this cheap money will not get to businesses that need it. Banks may have access to cheap money, but when money is cheap they actually become more stingy with it. The risk/reward just doesn't make sense for them to loan money to anyone but the best customers.
NOT after today. He is on our side. I have changed my view of Bernanke. He is doing the right thing. Feds have cut 1.25 in one week! Think of that how massive that is injecting liquidity..... This cannot remain a bear market anymore.
There is no such thing as a natural cycle. Ours is a controlled society and liveable one. Feds control our economy and guide it best they can. Recession is not something to look forward to.
Remember a couple of years ago the EURO at 1.30 was crazy . Now It is about to blow past 1.50 . Its the begining of the end of the mighty US $ .
Based on the survey results (64% say he is a moron, 36% say he's not) Bernanke clearly is NOT a moron.
A moron doesn't have to be stupid. It could be a person who is willing to sell his soul for money. How far will it get him? Well that is for us to see, and for the moron to worry about....
And it's not like anybody or another country "did" anything to it (us)... our own Gummint is just pissing it away for their own selfish greed. The US Gummint and the Fed are THE enemy! Will the American people wake up in time? Or EVER? Doubt it.