Ben Warns More Helicopter Drops May Be Necessary
Posted by seumasach on February 2, 2012
Watch out everyone- we’re in for “a period of balance-sheet adjustment”
2nd February, 2012
In a surprisingly (but also refreshingly) candid admission, Fed Chairman Bernanke declared last night that another round of quantitative easing may well be necessary to alleviate “high and persistent unemployment in an underperforming economy”. With inflation still low and Europe a potential drag on the economy, the Fed Chairman clearly feels that more asset purchases are a risk worth taking if it helps the recovery become more self-sustaining.
In These New Times 
Leave a comment