Thursday, June 7, 2012
I will probably be nailed up to the wall for this. Everybody, but everybody, is convinced that Bernanke is going to restart the printing presses, and make the announcement at the end of the Fed meeting in two weeks. He has to, with the election coming, labor market collapsing, Spain collapsing, Greece ready to exit, the US deficit so large that nobody but nobody has the money to fund it anymore, even the Vatican collapsing. He has to. So what if he doesn't?