[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 361
The Presidential campaign gets nasty while the banking crisis goes international.
Links Mentioned: The coveted Buckley endorsement … and the Brooks non-endorsement … the European banking bailout vs. the U.S. bailout redux … Frank Rich … GM and Chrysler get cozy.
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