The fact that the Fed said they would not raise interest rates for two years shows how political it has become. Such a statement is unprecedented.
agreed. Interesting that O called Bernank to WH the day after like being summons to principal’s office. What I found most interesting no media leaks/releases of what was discussed. Must not have been good for.
Imangine: Benny said he was out of bullets and will sit out until after the election. O told him he needs the FED to print more. Benny said dont mess with me or I will sell all my bonds and securities. LOL
Perry steps up and calls Benny treasonous and O falls for the dare. expose the lie that FED printing is the only thing that has kept economy from crating for past 2 yrs, which it will soon or later imo. but I have been on the wrong side of this market for 2 yrs of QE1 & QE2. only made money last 2 weeks and May-July last yr.
Absolutely. This was the most irresponsible move ever to come out of the Fed. Purely a political statement. Trying to save Obama’s *ss.