Economy

Demeter

(85,373 posts)

28. The Punchline In His Own Words: Bernanke Advocates Blowing Asset Bubbles As Antidote To Depression

Sat Sep 15, 2012, 02:12 PM

Sep 2012

http://www.zerohedge.com/news/punchline-his-own-words-bernanke-advocates-blowing-asset-bubbles-antidote-depression

If there was one absolutely must see moment exposing everything that is broken with the Fed's brand new policy of QE-nfinity, it was this exchange between Reuters' Pedro da Costa and the Chairman. It explains, beyond a reasonable doubt, that the only goal the Fed now has is to reflate the stock market bubble to previously unseen levels, to focus on generating jobs although not for everyone but only for Wall Street, consequences be damned, because by the time the consequences arrive, and they will (just recall that subprime is contained) they will be some other Fed chairman's problem. Bernake's term mercifully runs out in January 2014...

TOO LATE, I'M AFRAID...COOL PIC OF BERNANKE'S KEYBOARD:

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