Need a New Drug: Bernanke to “Wean” Markets Off a Fed Quick Fix
The Wall Street Job Report compliancesearch.com
By John Melloy At the end of the Federal Reserve’s two-day meeting, Chairman Ben Bernanke probably won’t come to the market’s rescue by…
this is the problem with America; we are always looking for the quick fix. We gain weight over a period of years and then get frustrated when we don’t lose it in a week. There is no quick fix here. We need to take our medicine be it either deflation or inflation over the next several years to get out of this mess. As usual, we didn’t look at the long term effect and went to the short term when we bailed out banks and Wall St. Now Main St is paying the price and not even the Fed can fix this quickly.
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