Thursday, October 28, 2010

The U.S. Banana Republic (Part 1)

The last comment is the most telling…..

*BLINDER SAYS FED UNLIKELY TO ADOPT `SHOCK AND AWE’ STRATEGY

*BLINDER SAYS $500 BILLION IN FED ASSET PURCHASES `TOO SMALL’

*FORMER FED VICE CHAIRMAN BLINDER SPEAKS ON BLOOMBERG TELEVISION

*BLINDER SAYS FED POLICY MAKERS `MAKING IT UP AS THEY GO ALONG’