10-02-2011, 12:13 AM
As a shareholder in some commodities counters, though I am very glad with the recent price momentum, I think Ben is really pushing it.
It seems to me Fed or his thinking is along the line of
1. Let's print more money so that we can depress the unemployment numbers down.
2. Let's also create euphoric stock markets and steep yield curve so as to lift everyone sentiment up high and thus, companies will finally hire again.
3. Let's ignore the developing countries inflation rate. Blah.. they had exported too much to us then, we will do the same to them this time round by exporting inflation to them so as to appreciate their currencies forcefully.
http://www.cnbc.com/id/41489883
It seems to me Fed or his thinking is along the line of
1. Let's print more money so that we can depress the unemployment numbers down.
2. Let's also create euphoric stock markets and steep yield curve so as to lift everyone sentiment up high and thus, companies will finally hire again.
3. Let's ignore the developing countries inflation rate. Blah.. they had exported too much to us then, we will do the same to them this time round by exporting inflation to them so as to appreciate their currencies forcefully.
http://www.cnbc.com/id/41489883