What the Hell is BEN on about?!

[Mega]

http://www.bloomberg.com/apps/news?p...1n8&refer=home

Just a Layman, but it sounds like he can't decide to either fight inflation.........or let it rip!
Mega

[Sapiens]

Re: What the Hell is BEN on about?!

He didn't say anything, that's why:

Treasury securities, which were up before Bernanke's remarks, were little changed after the text's release. The yield on the benchmark 10-year note was 5.05 percent at 2:23 p.m. in New York, from 5.13 percent late yesterday.

Remember, monetary policy is about keeping those at the top on top and those that work for a living in bondage.

July 10 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said inflation expectations ``remain imperfectly anchored'' in part because the public doesn't know the central bank's goal for prices.

What inflation rate the Fed prefers ``is not fully known by private agents,'' Bernanke said in a speech to the National Bureau of Economic Research in Cambridge, Massachusetts today. ``Long-run inflation expectations do vary over time,'' he added. ``They are not perfectly anchored.''

``They are not perfectly anchored.''??? Tell me, why would they let the public know what to expect if it can be used against those in control?

I agree with Tet, as always many people will be left holding the bag.

[Mega]

Re: What the Hell is BEN on about?!

Yes, would you like to spell it out for this fool from Liverpool?
Mega

[Tet]

Re: What the Hell is BEN on about?!

Yes, would you like to spell it out for this fool from Liverpool?
Mega

Bernie is simply saying he'd love to tell you what's going on, but unfortunately he'd have to kill you if he did. I believe Buffett made a similar comment recently.