IMHO -- Bernanke will be a disaster. He will destroy the dollar even faster than Greenspan was doing it, Bernanke will just finish the job. Go into google and search "bernanke printing press". Read what this guy has to say about monetary policy.
Bernanke, on the other hand, is a true believer - a Holy Warrior of stealth inflation and helicopter money. God help us all - but this clown's going to steer us straight into a massive depression.
I not only agree with everything you wrote, but I'd also like to add that he's an "inflation hawk" who sees inflation (like Greenie does) where it doesn't exist, and it's fine with him if he kills the economy in efforts to keep inflation under control.
Greenspan has et the table for a recession next year, and Ben won't stop it and will probably add to the problem.
We need the dang FEDS to take their pinkies off of the interest rates, and relax that inflation is the hallmark of a growing economy, and stop setting into motion the coming recession by raising rates and tightening the money supply.
I fear that Ben is no better than the exuberant-fighting guy. Greenie cost me $5000 the day he said that. I've been waiting for him to retire, ever since.
I think the "Maestro" is a jerk.
His successor is no better.
IMHO -- Bernanke will be a disaster. He will destroy the dollar even faster than Greenspan was doing it, Bernanke will just finish the job. Go into google and search "bernanke printing press". Read what this guy has to say about monetary policy.
Then why did the Dow go up 170 points after he was picked?