Bernanke Doubles Down on Fed Bet Defied by Recession - Bloomberg
“They’re definitely frustrated and disappointed,” said Stephen Stanley, chief economist at Pierpont Securities LLC and a former Federal Reserve Bank of Richmond researcher. “I’m sure they would have anticipated they would have gotten more bang for their buck.”
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So why are you trying it again? Are you expecting different results Bernanke? Isn’t that the definition of insanity? Worse, high tension in the Middle East has oil itching to move higher. Further talk of QE could be the match that lights the fuse for a move to $110-$120.
Next week will be interesting due to inflation data slated for release on Wednesday (PPI) and Thursday (CPI).
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