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Who you gonna blame now?


Posted: Nov 3, 2010

The Federal Reserve launched a controversial new policy on Wednesday (today), committing to buy $600 billion more in government bonds by the middle of next year in an attempt to breathe new life into a struggling economy.

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Yeah, and look at what the market did - - It took a dive. (nm)

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nm

YYYEEESSS, and what does - that say?

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Bernake better get on the ball. - nm

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.

I actually saw today in the news that after the HUGE win the stock market - climbed to the highest in 2 years

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It did not dive. Must have been the early news.

But what are the consequences - get out the binoculars

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The day to day fluctuations of the market are basically of no consequence. This has not even kicked in yet. The big rich guys have been buying gold for several months now because they knew this was coming. Pumping money will no doubt devalue the dollar and start the inflation machine. The Federal Reserve is doing this (Bernanke and all others appointed by Bush and previous). But, there is the faction that is getting ready to blame Obama. Listen to CNBC or Bloomberg once in awile besides that other channel. (Oh yes--don't forget the "analysts" do pump and dump, to make their own money and influence politics).
This is a really excellent article - but bash away
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http://www.huffingtonpost.com/2010/11/03/federal-reserve-qe2_n_778392.html?page=4

As you can see, it is Huffingtonpost. While maybe not biased towards the right, it is incredibly fair and accurate.

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