"Bernanke is hell bent on producing price inflation. He has succeeded, just
not where he wants most. What Bernanke desperately wants is for housing prices
to rise because that more than anything will help the banks and all the
foreclosed properties they are sitting on.
The Bernanke Fed has certainly assisted the stock market, as intended, but that is not doing the average Joe much good in the face of soaring oil prices, soaring food prices, falling home prices, and zero% interest on savings.
Oil Shock Coming
As a direct consequence of Fed policy, in conjunction with an inane US and European oil embargo on Iran, Europe (already in the midst of what is going to be a long and deep recession) will be hit with an oil shock on top of it.
Record Price of Oil in British Pounds
On Wednesday the Financial Times reported Record sterling oil price sparks fears
The Bernanke Fed has certainly assisted the stock market, as intended, but that is not doing the average Joe much good in the face of soaring oil prices, soaring food prices, falling home prices, and zero% interest on savings.
Oil Shock Coming
As a direct consequence of Fed policy, in conjunction with an inane US and European oil embargo on Iran, Europe (already in the midst of what is going to be a long and deep recession) will be hit with an oil shock on top of it.
Record Price of Oil in British Pounds
On Wednesday the Financial Times reported Record sterling oil price sparks fears
Oil prices have soared to a record high in sterling terms and are approaching euro highs, raising fears that European countries struggling with heavy debts will face further barriers to economic recovery..."at http://globaleconomicanalysis.blogspot.com/2012/02/price-of-oil-hits-record-high-in-euros.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MishsGlobalEconomicTrendAnalysis+%28Mish%27s+Global+Economic+Trend+Analysis%29
