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Tuesday, January 15, 2013

Busting the Bernanke Bubble

Why Bernanke’s policies are hurting the economy--

Why Bernanke’s policies could hurt the economy more than going over the ‘fiscal cliff’ - The Washington Post: "Quantitative easing not only hurts older Americans on fixed incomes and those who have dutifully saved for retirement, it also frustrates younger people who can’t afford to take advantage of historically low mortgage interest rates. Mainly, Bernanke’s quantitative easing helps Wall Street’s banks and traders, a dynamic that could be setting us up for another financial crisis as investors again seek out higher-yielding, lower-quality investments that Wall Street is only too happy to provide."

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