Helicopter Ben to the rescue!
Thank goodness he's propping up bubble-created overpriced houses. Just think, if there was Dutch version of Helicopter Ben in 1637, traders would have continued to get inflated prices for their tulips, and all would have been well. Alas, the helicopter wasn't realized until 1906.
In any event, now that Dr. Bernanke has prescribed the hair of the dog as a remedy, we can look forward to experiencing a massive Dutch headache - in about six months.
I don't know that I can agree with you. The fact is, if Bernanke didn't do anything, he'd probably be out of a job, never mind widely loathed. I do think that we probably would have been fine with a quarter of a point though.
My portfolio is primarily in cash, until things settle down a bit. Ben hurt me and others who rely on interest so that he could help those invested the real estate, mortgage and stock markets. Thanks, Ben!
Might Ben Bernanke without the facial hairs turn out to be Alan Greenspan?