Quote:
Originally Posted by Grumpy
Berbacke is an idgit !
Until consumers are spending money again no ones gonna get any better except politicians and big biz.
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Come on Grumpy, give Helicopter Ben a little credit. At least he's talking things up. The economy is basically a confidence game anyway, try to get the rubes to go back into debt.
You do remember his famous statement, something to the effect the he had no fear of deflation. All that one had to do way print more money, and he would "dump it out of a helicopter" if he had to. Looks more like they're dumping it our of 747's, the trick is getting the genie back into the bottle once deflation is no longer a problem.
I reckon we'll see, but history indicates inflation, just how bad is anyone's guess. My only advice is not to hoard fiat currency.
Chas