Skip to comments.The Debt Ceiling Is Breaking Ben Bernanke's Heart (Tiny Violins Alert)
Posted on 10/09/2013 1:06:23 PM PDT by mojito
Ben Bernanke has spent half of a decade trying to coax investors out of their post-recession bunkers. Now, Congress is set to once again send them running for cover.
The country will default in the coming weeks unless lawmakers reach a debt ceiling deal, but just by coming close to the edge, Congress will pull markets in the exact opposite direction than the Federal Reserve has been trying to push them.
Bernanke's bid to resuscitate the economy depends on two leaps of faith. Businesses need to have enough faith in the future to ask for the big loans they need to expand their operations, in part by hiring some of the country's 11.3 million unemployed workers. And lenders need to believe that making those loans is the best use of their money.
(Excerpt) Read more at nationaljournal.com ...
Another subject to be thrown to the LaBrea tar pits following CW-II.
Let me assist.
Bust out the “I spent my academic career studying the Depression” drinking game.
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