As you know I have my own feelings about Helicopter Bens’s rate cut. In case you haven’t been following along, I think it was an extraordinarily bad decision and each member of the FOMC should be strung up by their balls. I’ve been dieing to comment from a bush economists point of view (and have been ranting and raving offline), but really wanted a more professional opinion for this blog.As usual, Mick Shedlock delivers the goods with some excellent analysis in Bernanke’s Bullet Misses Th[...]
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[Source: The Money Blogs]
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