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SW WI | So Bernacke, "helicopter Ben" to some wrote papers on and was a student of the great depression. Paraphrasing, but his view was it held on so long because of a lack of liquidity. Hence his being helicopter Ben.
Now when Yellen was appointed as chairman of the fed, my immediate concern was for a soft landing. As time went on I have become more and more convinced that she may be 180 degrees different than Ben.
Oil and ag are the 2 commodities that get discussed the most on here. They are in full blown deflation mode. My opinion: the rest off the economy will follow. Yellen is going to have to go against her beliefs to land softly. Maybe there is no soft landing for anyone at the controls. Maybe the smartest guy was Ben who parachuted out awhile ago. I hope Yellen can adjust on the fly.
By the way, I have no way out of this. Definitely above my pay grade. One thing I do know, inflation seems like the lesser of the 2 evils. So kid the can down the road some more? | |
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