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Wednesday, July 13, 2011

More Stimulus, Please!

Federal Reserve Chairman Ben Bernanke told Congress Wednesday that a new stimulus program is in the works that will entail additional asset purchases, the clearest indication yet that the central bank is contemplating another round of monetary easing.-Bernanke: Fed May Launch New Round of Stimulus

Well, what a surprise! Of course, Bernanke doesn't have much else in his pathetic little bag of tricks. We knew this was coming. Get ready for more Fed induced inflation (higher prices on everything for you and me, in other words, an indirect tax on our incomes) and an even bigger collapse when it finally arrives.

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