The commodities page on CNNMoney.com shows an astounding number of commodities at or near their 52 week highs. This while Bernanke continues to drive the dollar down in his quest to increase price inflation. Bernanke is quoted as saying “Central banks of the world over many years now have established a great deal of credibility for inflation rates in the vicinity of about 2%. And it would be a very risky transition if we in any way reduced our commitment to … an approximate 2% inflation target.”
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Bernanke is quoted as saying “Central banks of the world over many years now have established a great deal of credibility for inflation rates in the vicinity of about 2%. And it would be a very risky transition if we in any way reduced our commitment to … an approximate 2% inflation target.”
Mindless empiricism is about as deep an understanding as Bernanke is capable of.
The best is yet to come….
but the dow is up, thats all that matters folks. this new unending prosperity is brought to you by Uncle Bens fluffy white lies. tastes and feels just like the original economic product but now with more gas for that warm and bubbly feeling.
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