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Tuesday, November 16, 2010

A Hilarious Animated Take On The Federal Reserve: Xtranormal (VIDEO)


Alright, that's pretty hysterical, but I must say with so much QE and extraordinarily low interest rates, inflation should be significantly higher than it is right now. The economy is broken.



More shockingly, folks seem to be leaving fixed income and being driven back into equities (the purpose of QE that nobody, including Bernanke, was certain would happen).



The subjective 'maybe' of confidence returning seems to be happening (yes, for all the criticizing, QE is working), and very well might if this sovereign debt crisis in the PIIGS and potential currency war doesn't serve to be leading reasons for bringing the pessimism back.



We're only in the first month. There's still a lot left to be seen, but hey, Bernanke might just deserve some credit. As I have been, I still am pessimistic, but I'm shocked he and company [Treasury and the rest of the Fed] have gotten this far. Folks have forgotten the armaggeddon mentality that was present just 2 years ago September.
Read the Article at HuffingtonPost

 

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