Banking on Bernanke - a sure bet
that he will cut rates and shower us with liquidity just the way we like it - better than any Santa Claus:
“WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke on Thursday hinted that another interest rate cut may be needed to bolster the economy. The worsening credit crunch, a deepening housing slump and rising energy prices probably will create some “headwinds for the consumer in the months ahead,” he said. -
http://biz.yahoo.com/ap/071129/bernanke.html
Comment: Bernanke is a “one-thought-man” and a “I-know-one-big-thing-man”. The one thought that is on the chairman’s mind is that if things tend to go wrong in the financial markets, open the spigots, cut rates, flood the markets; and his “one big idea” is that the Great Depression was caused because the central bank did not flood the markets with liquidity to the full extent back then.
posted by Antony Mueller
see also: http://www.bloomberg.com/apps/news?pid=20601087&sid=aQK5gf7cmZsc&refer=home