Like he ever had a clue. The Fed is now effectively a hamster on a wheel. They can’t get off as if they raise rates the stock market will tank.
Spot on! They have absolutely painted themselves into a corner. We're hosed.
actually, we all owe bernanke a debt of gratitude..
although qe was not popular, it knock one of the 3 legs of depression off the stool..
we have had a hell of a recession, one of the worst, but we did not drop into depression, in spite of fubo trying to get bernanke to play ball...
the fact that europe is in depression and we are not should be a real big hint...
my concern was never over the qe, but the speed and velocity of the eventual tightening..
tighten it up nice and slow, and we should be able to ride out the rest of the ‘06 recession..
tighten it up too fast, and we can still spin off into depression...