Comments on: Obama: You’re doing a heck’uva job, Bernie

By: Peter

Peter — Wed, 26 Aug 2009 15:18:33 +0000

So I understand that what Bernake was saying was bad, we should have seen at the time what would happen, but how much did he write himself? If we fire him, the same people are going to be working in the background, writing these overly optimistic speeches and making the same horrible policy.

By: Quincy

Quincy — Wed, 26 Aug 2009 06:42:21 +0000

John222 –

The increase in dollars in circulation matches almost exactly to the credit that evaporated during the same period because of deleveraging by financial institutions. The spike in that graph is an inflation time bomb that will be set off when financial institutions start trying to ramp credit levels to where they were pre-2008. The trouble for the economy is only just beginning.

By: John222

John222 — Wed, 26 Aug 2009 03:23:05 +0000

So when the monetary base doubles, the dollars I have should be worth half as much, right? Except somehow they have prevented this from happening. I have a feeling that when it does hit, it will be just as sudden as that spike in the graph.