John wrote:8-Jan-11 News -- Bernanke emphatically rejects bailing out states and cities
No Fed Plans to Give More Support, Bernanke Says
By SEWELL CHAN
Published: July 21, 2010
WASHINGTON — The chairman of the Federal Reserve, in saying that it had no immediate plans to provide additional support to the economy, dashed the hopes of some economists and executives who have been pushing for action to add momentum to the sluggish recovery.
jwfid wrote: After reading your last blog entry, I have to say that you are and have been a shining light in my eyes. I eagerly wait to read your comments every day. Thank-you for everything you do. However, I have to say that I understand you have a life, and posting everyday might be to much. It's ok. Post what you can! Your insight is so valuable! I wish I had the time, and intelligence to research and post such informative stuff too. Maybe someday though, but I have a family (and a community) to get through this crisis.
jwfid wrote:I've come to the conclusion that hyperinflation is a possibility too, just like deflation. I'm always surprised by the ingenuity of those in power. Chris Martenson has said that we always fight the last battle.
Higgenbotham wrote:In order to understand Ben Bernanke, it's necessary to closely follow his history. In doing so, you will find that Bernanke normally acts in direct and immediate opposition to any promises or statements he makes.
If Bernanke is still in office when the state and municipal bond crisis hits, that will immediately trigger his biting reflex to print as much money as he can. That's his history and there's no way he will stop until he's removed from office.
Going further, if Bernanke says subprime is contained, that means it's not contained. If he says there's no housing bubble, that means there is a housing bubble.
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