“‘The Fed is trying to juggle a two-sided sword,’ said Ryan Larson, senior equity trader at Voyageur Asset Management.”
I have zero faith in the Fed at this point. Ben Bernanke is a push-over. He’s more interested in keeping a bunch of Wall Street reactionaries happy than he is in actually directing the American economy in a competent manner. Greenspan was brilliant and independent. This guy is a joke.
My prediction is that if and when we do plunge into this recession that everyone is talking about, there will be 2 people blamed. Bush and Bernanke. I hope that Bernanke will resign under a cloud before his term is up, so that President Obama or Edwards can nominate whomever Greenspan says would be good.
Posted by Jack on 5 January 02008 @ 9am
MB,
Read Bob Woodward’s ‘Maestro’ for the fullest explanation of why and how this was the case. Allen Greenspan rocked.
Posted by Jack Landers on 7 January 02008 @ 9am
Waldo Jaquith (JAY-kwith) is a website developer and political pundit who lives in the vicinity of Charlottesville, VA, USA. more »
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