Tuesday, September 18, 2007

Alan Bernanke

Just call him Alan. While Bernanke would like to fix the looming inflation problem, he lacks the fortitude to accomplish it. So what has changed since the Fed's previous stance on interest rates? Nothing. Starting with Greenspan, the Fed has worn out several pairs of knee pads giving wall street comfort. But hey, the Fed must be on top of things. They and their underlings are always conducting studies, economic studies. Deep stuff. Why Bernanke himself must have written tons of that crap. They might want to conduct a study examining the Fed's tolerance to withstand whining. A parallel study might be how the Fed might direct deposit money into bad trade accounts after heavy whining is detected.