Bernanke had to make hard choices, and QE3 is probably the easiest way out for him. If he chooses not to bail out, the country will fall into depression earlier, what he's doing is just to delay the inevitable.
Alan Greenspan is the guy to blame since he's causing all the bubbles in the first place.
http://blogs.wsj.com/economics/2009/10/0...greenspan/
Alan Greenspan is the guy to blame since he's causing all the bubbles in the first place.
http://blogs.wsj.com/economics/2009/10/0...greenspan/
Quote: (09-13-2012 12:38 PM)temujin Wrote:
Kiss your affordable vacations to Europe goodbye.
Ben Bernanke is on a mission to trash the US dollar and if WE'RE LUCKY, it'll just devalue for the next 10-15years.
If we're not lucky, the US dollar will have a currency crisis and probably end up akin to the Mexican Peso.
Thanks Ben.