Quote from MKTrader:
Recessions are most definitely part of the boom-bust cycle. We'll have that cycle as long as there's a Fed and meddling by presidents, Congress, etc.
Feds and Chief Executive of the nation has the powers to control our economy and monetary policy. You can't change that. They are not meddling in the markets they are shaping the nations financial structure and they can certainly do that, that's why they are there.
But Bernanke is new drum boy, he is completely out of tune. He is playing badly, always behind the curve and less convincng than Alan Greenspan. At least Alan Greenspan was always 2 steps ahead of the game. He was a leader.