Ben Bernanke: Sackless Wonder

[I think I wrote that headline before]

The markets have already priced in a Bernanke rate cut.  The question is: where do we go from here?  With inflationary pressure likely to mount given a rate cut, and with the dollar tanking, what other mechanisms can the Fed exercise to stimulate the economy moving forward?

The answer is: not much.

Bernanke is like an airplane passenger pulling the ripcord at the first sign of turbulence.  There’s nothing left in case of real trouble.

Prez Clinton — welcome to your nightmare.

Advertisements