Mr. Bernanke has used the analogy of a golfer with a new putter: Unsure how it will work, he finds best strategy is to tap lightly at first and keep tapping until the golfer figures out how best to use the putter.The Fed has found themselves in a severe catch 22 (or liquidity trap), and now they are using golf as the fundamental "new tool" to bring us back to pre-crisis levels. As Zero Hedge's articles and authors stated in the link, we're learning as we go? This from the one organization that is supposed to remain politically and economically neutral? Putting our way to prosperity will only further sink us into our own Japanese style lost decade, but the concerns of the public and certain Fed Governors are falling on deaf ears to Mr. Bernanke.
Perhaps I'm too negative, cynical, and pessimistic, but what we really should be doing right now is praying Nov. 2 goes the right way.
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