Showing posts with label quanitative easing. Show all posts
Showing posts with label quanitative easing. Show all posts

Wednesday, May 2, 2012

Don't Worry, Be Happy !!!

Don't Worry, Be Happy
That's the public service message from the world's Central Banks to all of us in the general public, and especially to Wall Street.

When Bernanke embarked upon Quantitative Easing, three years ago in early 2009, he said at the time that the new policy (of printing money) would have unintended consequences.  In Donald Rumsfeld's terminology, "unknown unknowns".