G
Guest
Guest
imported post
http://moneycentral.msn.com/content/P119372.asp
[align=left]Federal Reserve Bank of Frankenstein[/align]
[align=left]
The Fed only postponed the pain, ensuring that it will be dramatically worse. Easy Al and the other apparatchiks at the Fed embarked on a grand experiment with the American economy and everyone's lives. Historian Edward Chancellor, author of the terrific history of financial speculation "Devil Take the Hindmost," makes the same point to Ip:
"The Fed is conducting a 'crucial experiment' in post-bubble monetary policy. We don't know what the outcome is yet."
I would say that we can speculate on how ugly it's liable to be.
[/align]
http://moneycentral.msn.com/content/P119372.asp
[align=left]Federal Reserve Bank of Frankenstein[/align]
[align=left]
The Fed only postponed the pain, ensuring that it will be dramatically worse. Easy Al and the other apparatchiks at the Fed embarked on a grand experiment with the American economy and everyone's lives. Historian Edward Chancellor, author of the terrific history of financial speculation "Devil Take the Hindmost," makes the same point to Ip:
"The Fed is conducting a 'crucial experiment' in post-bubble monetary policy. We don't know what the outcome is yet."
I would say that we can speculate on how ugly it's liable to be.
[/align]