[I think I wrote that headline before]
The markets have already priced in a Bernanke rate cut. The question is: where do we go from here? With inflationary pressure likely to mount given a rate cut, and with the dollar tanking, what other mechanisms can the Fed exercise to stimulate the economy moving forward?
The answer is: not much.
Bernanke is like an airplane passenger pulling the ripcord at the first sign of turbulence. There’s nothing left in case of real trouble.
Prez Clinton — welcome to your nightmare.
Now Playing: Episode 352
McCain vs. Obama, More on Afghanistan and poppies and the story of the anthrax attacks takes a surprising turn.
Links Mentioned: Greenwald on the anthrax case … that NYT mag piece on Afghanistan … listen to the author on “To the Point” … the new McCain attack ad.
[Upgrading to WordPress v2.6 seems to have broken the embedded podcast player. Download the link above of click on the "Subscribe in iTunes" button instead. Sorry for the inconvenience!]
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