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Stock market soars because they think Ben Bernanke is going to print more money. Isn't this funny?
Ms Sans Serif
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[quote:Oldmotherhubbard:MV8xODkxODQ5XzMxNjAwOTg0X0RDN0RGMzJE] Bernanke certainly didn't promise imminent action. He didn't quash any QE3 or Twist 2 hopes either. He said economic growth is still expected at a moderate pace. But he again talked about his view that some previous hiring was just a catch-up phenomenon. "If so, the deceleration in employment in recent months may indicate that this catch-up has largely been completed, and, consequently, that more-rapid gains in economic activity will be required to achieve significant further improvement in labor market conditions," Bernanke said. And how would that economic activity become more rapid? That's left unsaid. But implication is clear, more Fed action. http://blogs.marketwatch.com/election/2012/06/07/live-blog-of-bernanke-testimony/ [/quote]
I find this to be especially true in New England. It seems that people put so much faith in others because they think they are smart or they went to the "right" college when they were a pimple faced teenager.
We act like only a scholar that went to Harvard can figure out to solve the financial crises we are in. When in reality, this dumb fuck is just printing worthless money and pumping it into the economy.
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