IPFS News Link • Economy - International
The Biggest Myth In Monetary Policy Today
• http://www.businessinsider.com, Joe WeisenthalWe thought that Hussman's characterization was totally off. Most likely, Bernanke thinks deep down that he should be doing a lot more, but the "crying" he's hearing from the financial and political worlds is saying something like: "STOP PRINTING, OR YOU'LL TURN US INTO ZIMBABWE."
The thing is, we read a lot of commentary from financial professionals on both the buy side and the sell side. We also listen to pay a lot of attention to what bank CEOs are saying, and the fact of the matter is that we almost never hear calls for more easing or cheap rates. Think of how many times you've heard Bill Gross, or a Bill Gross wannabe talk about financial repression (play scary music).