"The time will come when we have to tighten," Bernanke said late Thursday. "We will look at the broad outlook to decide" the timing and pace of exiting currently loose policy."
...pop goes the bubble if he says that thing more than once a week... sorry, not the bubble... it's just a tiny liquidity fueled rally driven by fucking risk junkies who completely forgot what happened six months ago while still enjoying absolute freedom in a financial world basicly intact by any kind of regulatory intervention... ok, ok... I'm overreacting... NOTHING REALLY CHANGED (except 28-years high unemployment rate, consumer spending trashed, delinquencies and defaults still go up but not as much as in those doom days, investments wiped out, GDP levitating above zero, obvious deflation dispite of quite generous quantitative easening, trillion or two worth of derivates yet to become mature, world wide acceptance that greenback is heading towards history as a reserve currency, two ongoing wars and one volatile enough to scare the hell out of the oil future contracts subculture... and Obama got the Nobel prize for peace, just like Arafat did...) so why worry? It's all over! The economy is heating up! Inflation is behind the corner! It's all like in our textbooks... it's just a monetary thing. Let's consider exit strategies NOW!
Greenspan kept saying that it was not FED's job to prevent or pop the bubbles. Bernanke left that option open. So why don't they do it, do it in relatively controled conditions... 70% market hike in seven months with nothing changed in fundamentals, with real sector in deep shit... who's gonna bail them out this time? People's Republic of China?
I'm not wrong.
It's better this way... let's start from scratch.
Post je objavljen 09.10.2009. u 23:09 sati.