Filed under: Politics, Commodities, Federal Reserve
Is Federal Reserve Chairman Ben Bernanke stoking inflation? Of course he is. Anyone with common sense knows that if you give $600 billion cash to the banks with no qualifications — as he did with the second round of quantitative easing — they will use it to speculate in the markets. JPMorgan Chase (JPM) just bought $1 billion of copper.
Bernanke’s fatal mistake was that he placed no restrictions on what the banks would do with his $600 billion. If you opened the banks’ books, you can bet that they’ve invested in commodities, currencies and foreign equities and bonds.
Continue reading Bernanke Denies Causing Inflation
Bernanke Denies Causing Inflation originally appeared on BloggingStocks on Fri, 04 Feb 2011 13:30:00 EST. Please see our terms for use of feeds.







In projecting U.S. GDP growth at about a 2% rate for the remainder of this year and in 2011, I have noted that the two propellants of growth so far in this economic recovery — the inventory revival and fiscal stimuli — are largely exhausted.
Federal Reserve Chairman 

