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HomeWill the Federal Reserve ‘Go Nuclear?’
Posted by Larry Doyle on June 8th, 2012 9:32 AM |
Many market participants are hoping and praying that Ben Bernanke will save the day by implementing another round of quantitative easing. Having become addicted to the monetary ‘heroin’ provided by our central bank, those on Wall Street would love another ‘hit.’
Is this the right approach to curing what ails our nation’s economy? Of course not. I stated as much in a recent interview:
“The problems with the current Fed policy and fiscal programs implemented by this administration are that the MASSIVE structural issues eroding the foundation of our economy and society are not being confronted.”
So what might the Fed do? With the Fed’s ‘dope’ packing less and less of a punch, would they ‘go nuclear’? What’s that you say? (more…)
