As is well known now, and similarly well commented on, Fed Chairman Ben Bernanke announced last week his latest attempt through central bank machinations to "revive" the U.S. economy. Bernanke's hubristic and absurd presumption that he possesses the ability to boost economic growth from Washington will only make things worse. Stock markets seem to agree.
Captive to the false notion that a revised housing sector, along with the wilting corpses that are U.S. banks will lead our rebirth, Chairman Ben is set once again to quadruple down on the various mistakes and authors of same who delivered on us our present malaise. All of this would be funny if it weren't so sad.
Read Full Article »