Thursday, November 4, 2010


"After announcing that it would buy $900 billion in U.S. Treasury bonds in the next six months, Fed Chairman Ben S. Bernanke said in an opinion article that the move was aimed in part at spurring a stock rally so as to increase the wealth of businesses and stock owners." Full article HERE

Call me crazy but this is once AGAIN the wrong direction. Just 2 weeks ago Bernake boy toy Geitner said "It is very important for people to understand that the United States of America and no country around the world can devalue its way to prosperity, to (be) competitive,It is not a viable, feasible strategy and we will not engage in it."
Getting froggy, hope we can survive a few more years.

1 comment:

Anonymous said...

I vote to move Bernanke higher up on our list.