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| Economy |
| Ben Bernanke needs fresh monetary blitz as US recovery falters |
| 2010-06-26 |
| Federal Reserve chairman Ben Bernanke is waging an epochal battle behind the scenes for control of US monetary policy, struggling to overcome resistance from regional Fed hawks for further possible stimulus to prevent a deflationary spiral. |
| Posted by:tipper |
| #5 I wanna see more deflation in handgun and ammo prices... |
| Posted by: M. Murcek 2010-06-26 18:47 |
| #4 And if deflation is a bad thing, the fact the price of computers has been falling 20% per annum for more than 50 years must be a catastrophy for Information Technology. /endsarc |
| Posted by: phil_b 2010-06-26 18:31 |
| #3 Deflation is a good thing. It redistributes wealth away from the already rich to those who create wealth and that is overwhelmingly the working middle class. Just look at Japan over the last 20 years. |
| Posted by: phil_b 2010-06-26 18:24 |
| #2 "Just one more {hit, fix, drink, infidelity, stimulus} and I'll quit for good. This time. Honest..." |
| Posted by: M. Murcek 2010-06-26 17:48 |
| #1 Hey, we spent TRILLIONS of dollars and it didn't work. Let's do it again!! |
| Posted by: DMFD 2010-06-26 16:23 |