All Posts Tagged With: "Ben Bernanke"
US Federal Reserve Bank Loves Bubbles
The United States Federal Reserve Bank just can’t help itself. It has an apparent love for bubbles, bubbles, bubbles. As soon as one bubble shows signs of deflating the Fed gets busy and creates another.
First it was the Dot.Com bubble that was created by the then Chairman of the Fed, the one and only maestro bureaucrat, Alan “Bubbles” Greenspan of irrational exuberance fame. What a spin master. It was Mr. Greenspan who created the bubble after the Asian currency crisis of 1997 and 1998. World financial markets were flooded with liquidity as Alan and the Fed panicked and turned on the cheap credit money making machines to flank speed, damn the consequences.
6May2008 | taipan | 0 comments | Continued