Bernanke says scope for more Fed easing ( Wed letter to HOUse oversight Chair Issa )

Marketwatch ^ | Aug. 24, 2012, 1:25 p.m. EDT | By Steve Goldstein, MarketWatch

[Ernest_at_the_Beach]

WASHINGTON (MarketWatch)

[Ernest_at_the_Beach]

U.S. stock higher on ECB report

[Ernest_at_the_Beach]

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To the charge reduced interest income to savers from quantitative easing is a “tax” on savers, Bernanke responded that it’s in everyone’s interest, both savers and borrowers, to have an economy performing at highest level of capacity.

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Old folks ..... need to spend I guess......

[Ernest_at_the_Beach]

The Gold plank in the Republican plank getting discussed....heard about it on Kudlow last night....is looking good.

The Fed is really doing damage to the dollar in their quest to support Obama.!!!

[Ernest_at_the_Beach]

Reuters has the image restricted ???

Damn,...I didn't know that.....!!

[Iron Munro]

Bernanke must have ordered another trainload of paper and green ink.

[nascarnation]

It’s all electronic transfers now.
Inflation at zero incremental cost, LOL.

[sheana]

Well I quit spending and quit working too. Take that azzholes!

[mjp]

There is scope for further action by the Federal Reserve to ease financial conditions and strengthen the recovery,”

the Fed is just like a drug dealer giving addicting drugs to an addict that is becoming tolerant and needs a larger and larger dose just to get the same high. When the drug wears off the addict goes into withdrawal and the larger and larger dose becomes more and more toxic to the system until the symptoms of the side effects are worse than the withdrawal symptoms.