There have been a lot of articles lately on how Bernanke will decide on the issue of extending QE. Gordon T. Long, of Tipping Points, goes above and beyond in explaining that Bernanke is constrained from a variety of angles, forcing him down a middle path, though a middle path which still screws everyone except the very top of plutocratic high society. Interest rates and the value of the dollar are at odds, to save one destroys the other and results in inflation or requires a near impossible monetary contraction. Additionally, it also goes on to say that Bernanke will be as vague as possible at the end of month press release while attempting to head fake higher interest rates while planning more QE, which I agree will be his method. The cake is already baked, everyone gets a bite.
LINK TO ARTICLE
No comments:
Post a Comment