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Bubble ben bernanke says "LOW RATES "WON'T" STOKE INFLATION"
- Thread starter S2007S
- Start date
Quote from intradaybill:
Bernanke is correct. There is still risk of deflation. You are obviously wrong. The fact is that he is the chairman of FED, the most influencial organization in the world and you are just a forum poster with no formal training in Economics, no experience in dealing with large scale financial problems and no understanding of all of the factors that affect economic conditions. By the way, same holds for me, I do not pretend to be wiser than you in this respect. So have faith and relax. The FED can withdraw the money from the economy with the same easy it creates it. IMO he is doing the right thing. I understand the bears are getting hit bad by this along with dollar longs and others who speculate. Too bad for them.
Right on. You basically took the words out of my mouth.
Quote from intradaybill:
OK, submit your application for the job. You know more than they do, they are liers and you are not. See how many lies you will have to say when you try to manage an Economy with thousands of competing variables.
Thanks for admitting you were wrong. First you said we should all shut up because these "highly-trained"experts at the Fed know exactly what they're doing...while the rest of us mere traders and mortals don't. When confronted with the evidence of all the Fed's blunders, you throw your hands up and say I should apply for a job there and be a lier (sic) just like one of them.
I'd like to see these guys audited then abolished, so there's no need for me to apply. But even if I could, I lack the political connections to get the job.
Quote from MKTrader:
Thanks for admitting you were wrong. First you said we should all shut up because these "highly-trained"experts at the Fed know exactly what they're doing...while the rest of us mere traders and mortals don't. When confronted with the evidence of all the Fed's blunders, you throw your hands up and say I should apply for a job there and be a lier (sic) just like one of them.
I'd like to see these guys audited then abolished, so there's no need for me to apply. But even if I could, I lack the political connections to get the job.
Why, do you want the printing press in the hands of politicians? I din't know you are out of your mind when I started the conversation.
Quote from intradaybill:
Why, do you want the printing press in the hands of politicians? I din't know you are out of your mind when I started the conversation.
Out of my mind? Pot calling kettle...
I said nothing about wanting to run a printing press. I've been critical of the Fed for doing that.
Now run along now. Your meds are calling.
Quote from intradaybill:
is an actor a thief because he played a thief? Too many young people like you noawdays cannot distinguish TV paid drama from reality.
Einstein defined insanity as doing the same thing over and over yet expecting a different result.
If in a reasonable time frame (say by the next presidential election) significant improvement has not occurred I would say the fair thing to do would be to take another direction in monetary policy.
Quote from denner:
In my eyes "a little inflation is good" is a crap argument considering the balance sheets of most Americans and the chronic inflation we've experienced over the past decade. Only an academic fool would argue otherwise.
You are missing the big picture. If there is no inflation, the USA will surely default. It is gaurenteed. The USA NEEDS to devalue the dollar, and NEEDS to create inflation, in order to avoid default.
I am not a USA citizen, but feel for those who are. It's true, many ordinary folk will get fucked over in this process. But it is better than a USA default. USA default would be absolute chaos. Not only for the USA but for the entire world.
Dollar devaluation/inflation is the one and only option for the USA. Accept it, and you will begin to understand the Fed's policies.
Quote from Debaser82:
Jimmy Rogers says Bernanke is a clown.
I've got a lot of respect for Rogers, and I know he disagrees with printing more money. Printing more money has its drawbacks, obviously. It sucks for a lot of reasons. My thinking, though...Bernanke has a better grasp of the state of the US economy than Rogers. Bernanke studied the Great Depression quite a bit; what went wrong and what could have been done to alleviate, rather than exacerbate the situation. QE is a necessary evil.
All of you Bernanke critics: do you really expect us to believe that Bernanke is stupid? Or is he just evil...He's doing this intentionally to bring the country down?