CPI yoy is tanking. now just where are the props for bernanke for guessing correctly what would happen to food and energy prices?He predicted better than 90% of the people who went on bloomberg and cnbc
The FED created a mess. How much more evidence do you need? You want to give the FED credit???? Have you been sleeping under a rock for the past year?
If I leave my patio door open and someone robs my house, did I create the mess or was I merely partly responsible for the mess? Banks, mortgage lenders and investment banks and dumbass US consumers were the ones who created this mess. The Greenspan FED simply gave them the opportunity.
Right. Great analogy Wrong. Cause (FED) > Effect > Cause > Effect > Cause > Effect Where do you belong?
That's BS. There is plenty of blame to go around, and this has been 20 years in the making. Easy credit (fed), living beyond one's means (american pulic), NINJA loans (mortage industry), Fanny & Fredie (government)
You are right, just one point though: don't feed the bears. If the bank for international settlement had developped other tools instead of mass credit expansion you have to clean later... The people are too weak to be given so much. They deserve a chance, but not 3-4. Not until we can secure supplies in water, food, energy and minerals.