It would seem from Mr. Bernanke's talk this week that he is focused on long term economic conditions, and this says to me that he is willing to throw more money at the markets in the shorter term at some point...this and his unwillingness to begin to reduce the deficit at this time. The crucial question is, when will he begin to reduce the deficit, instead of wildly throwing more money at the wall (street) and hoping it will stick? Especially if he still doesn't know why his "recovery" isn't happening at that time. That would be akin to a Surgeon performing brain surgery to try and fix a sore foot without knowing the cause.
And, please, Mr. Bernanke, produce only credible causes if you have anything to report at that time.
"The recession has hit everybody...I got a pre-declined credit card in the mail."
Author--Anonymous
