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> Bernanke has crushed inflation, crb is down during his tenure
stocks
post Dec 14 2011, 09:43 AM
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Bernanke has crushed inflation.

When he took over in 2006 the crb was 340 and it is now 300, 5 years later.


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The illusion of skill..is deeply ingrained in the culture. Facts that challenge such basic assumptions – and thereby threaten people’s livelihood and self-esteem – are simply not absorbed. The mind does not digest them. - Daniel Kahneman

With 12 percent of the total U.S. population, California has 34 percent of the U.S. welfare caseload. Texas, with 8 percent of the U.S. population, has only 3 percent of the U.S. welfare caseload.
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stocks
post Dec 16 2011, 01:16 PM
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Group: Traders-Talk User
Posts: 2372
Joined: 17-December 03
Member No.: 744



QE is not “money printing”.

Banks never lend reserves. Loans create deposits. The money multiplier is a myth. This is why QE1 and QE2 did not cause a surge in loans or inflation.

The wealth effect in equities is a myth.

The portfolio rebalancing effect of QE can cause substantial disequilibrium in the economy.

QE does not alter the number of net financial assets outstanding in the private sector.

What is QE?


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The illusion of skill..is deeply ingrained in the culture. Facts that challenge such basic assumptions – and thereby threaten people’s livelihood and self-esteem – are simply not absorbed. The mind does not digest them. - Daniel Kahneman

With 12 percent of the total U.S. population, California has 34 percent of the U.S. welfare caseload. Texas, with 8 percent of the U.S. population, has only 3 percent of the U.S. welfare caseload.
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