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It's never enough for some. Paul Krugman's summary of the Bernanke speech: 1) Things are really,...

It's never enough for some. Paul Krugman's summary of the Bernanke speech: 1) Things are really, really bad. 2) The damage is cumulative. 3) The Fed has the power to help. 4) The costs of QE are low, the benefits high. 5) The Fed will sit on its hands and think about it some more.
Comments (8)
  • Spin
    , contributor
    Comments (244) | Send Message
     
    6) The sky is falling!
    31 Aug 2012, 12:33 PM Reply Like
  • wapiti
    , contributor
    Comments (711) | Send Message
     
    Has Paul Krugman ever "made" any money as an investor or is he just another "theorist" like all economists?
    31 Aug 2012, 12:33 PM Reply Like
  • TomasViewPoint
    , contributor
    Comments (4842) | Send Message
     
    Krugman is just wishing that the Fed could fix everything and enable a dysfunctional congress and president. Rates are very low and really negative if you assume some level of inflation so the Fed is pushing on a string.

     

    The problems are fiscal, regulatory and the anti business rhetoric and stance of Obama and much of the left.

     

    Krugman is right that this economy is "really, rally bad" but he does not want to allocate blame because we know where that leads.
    31 Aug 2012, 12:40 PM Reply Like
  • youngman442002
    , contributor
    Comments (5129) | Send Message
     
    I have always wondered how much is enough for Krugman....5 trillion more..20 trillion..
    31 Aug 2012, 12:47 PM Reply Like
  • WMARKW
    , contributor
    Comments (10472) | Send Message
     
    So a simple question. If things are bad and if the Fed can do something, then why are they not doing something? I say the answer is they have no clue and no ammo to do anything that will improve the economy and reduce unemployment.
    31 Aug 2012, 12:51 PM Reply Like
  • wapiti
    , contributor
    Comments (711) | Send Message
     
    Great point! Mabe someone should ask Ben that? CNBC doesn't have the brains to
    31 Aug 2012, 01:00 PM Reply Like
  • srrams76
    , contributor
    Comments (8) | Send Message
     
    All you need to know about Krugman can be summed up in a sentence. He's a former Enron advisor.
    31 Aug 2012, 01:09 PM Reply Like
  • wapiti
    , contributor
    Comments (711) | Send Message
     
    Based on stock market performance and credit card spending, the economy is doing fine. As for high unemployment, lalme that on barry obama and his socialist regime!
    31 Aug 2012, 02:45 PM Reply Like
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