starder

1 Comment

    • ON: Wed Feb 27th 16:28 PM
      Commented on:
      Just Another Credit Crunch?
      This article has as much water as the "injected billions" - quite on par with Bernanke's drivel. The Fed’s inflationary financing bluff has been called by the markets long ago. Producers and traders of raw materials are raising prices in advance, because they don't trust the "Fed". All attempts to catch up by spinning the printing press faster will only cause additional panic. The combination of high inflation and even more inflated material prices can make the Great Depression look pretty. The "Fed" should stop fiddling with rates and allow the government do he right thing - use tax incentives, tariffs, etc to spur domestic production. There is no credit crunch, there is purchasing power slump coupled with harmful for the US structural imbalances. The economy is way over-leveraged and more "credit" will only tip it over the inflation edge. Let’s not forget that big chunks of the “credit” and “stimulus” end up overseas where the inflation is rising even faster than here. In due course it will be imported along with the poisoned foods and such.
      View article »
Loading...
Symbols:
Authors:
Quick Links:
Contribute an Article Become a Seeking Alpha Contributor

Transcripts

More Transcripts»