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Originally posted by auto73912621
After reading this article I am a bit concerned. This policy has got to stop. The government should not be printing money on this scale without at least consulting the general populace or even a few economists for that matter.
“The Fed has entered a holding pattern while watching for signs of a substantial improvement in the labor market,” added Ellen Zentner, senior U.S. economist for Nomura Securities."
What happens when they run out of gas while flying a holding pattern? print it!
Regardless, what worries me is that with Bernanke isn't planning on remaining in charge.
This is a mixed bag in my opinion, as now, he has no reason to not just continue increasingly worse ideas of how to manipulate the market. At least he'll be gone in a couple years.... to be replaced by....
"Should Obama defeat Romney next month, there are a number of individuals who the president could tap to fill Bernanke’s shoes, including former economic adviser Larry Summers, Fed vice chair Janet Yellen and economist Alan Krueger.
On the other hand, a GOP victory this fall opens the Fed window for a slew of right-leaning candidates, headlined by Romney economic adviser Glenn Hubbard."
Anyone know anything about these other jagofs?
Also, just for the sake of argument here's perhaps what we should have done or do?
edit on 23-10-2012 by auto73912621 because: minor correctionsedit on 23-10-2012 by auto73912621 because: additional information and references