Monday, August 22, 2011

CNBC: Bernanke May Have to Go for 'Shock and Awe': Strategist

via Yahoo Finance

  • Russell Jones, Global Head of Fixed Income Strategy at Westpac Institutional Bank told CNBC on Monday
  • "The problem from Bernanke's point of view is that, really, he is beholden to price action in equity markets, which is not something really where any central bank wants to be."[ comment: yeah? why is he beholden, and how did that happen?  If so, that needs to end.  Soon.  Perry was right.]
  • "Aggressive or dramatic weakness in the stock market probably trumps any fears about inflation, and that would dominate," he said [ comment: so, the stock market drives inflation/deflation?]
  • Jones says the Fed should launch a much bigger quantitative easing program than the previous two rounds

My God. If I could, I'd ask him this: How can you be so stupid, did it take a lot of practice, or were you born that way?

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