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Bernanke: The fiscal cliff is already having significant effect on the economy, he says,...

Bernanke: The fiscal cliff is already having significant effect on the economy, he says, pointing to sharp declines in various sentiment measures (I, II). He blames falling markets on the cliff as well. Falling? Should D.C. fail to avert large tax hikes and spending cuts, he suggests the Fed could add to its asset purchases.
Comments (7)
  • wigit5
    , contributor
    Comments (3967) | Send Message
     
    I wonder when inflation is going to start kicking in...
    12 Dec 2012, 02:57 PM Reply Like
  • WMARKW
    , contributor
    Comments (10252) | Send Message
     
    wigit - not for a long time, IMHO, see Japan for a reference.
    13 Dec 2012, 12:57 AM Reply Like
  • RSI Raistlin
    , contributor
    Comments (400) | Send Message
     
    Don't give Congress a safety net!! Jeez Ben if you give them the chance to not make the hard decisions they won't. You should say "the Fed cannot backstop the economy if Congress doesn't act"
    12 Dec 2012, 03:00 PM Reply Like
  • WMARKW
    , contributor
    Comments (10252) | Send Message
     
    The Bernankster said exactly that in 2011 in Jackson Hole.
    13 Dec 2012, 12:57 AM Reply Like
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    I think he just made a Freudian slip....the falling markets he sees is before the Fed has to come in and save the day and pump it up...he sees the selling pressure...but the Fed is buying it up....keeping the markets inflated...
    12 Dec 2012, 03:06 PM Reply Like
  • 2303jt
    , contributor
    Comments (14) | Send Message
     
    Bernanke's policies have failed other than the rise in asset prices. It has not helped the economy, what he is trying to do is cover his butt. What a liar!!
    12 Dec 2012, 03:07 PM Reply Like
  • J 457
    , contributor
    Comments (947) | Send Message
     
    Bernanke is robbing the common man of every last cent. A life of unending servitude for generations to come. Why people allow this remains a mystery to me. The policies have failed to improve employment, have punished savers, added massive debt, altered all equity markets to the point of no longer functioning, crushed the dollar as exports and trade gap are all-time high,and will ultimately cause massive inflation.

     

    Yet somehow he is still supported by the banks and politicians and money managers. Is it any wonder....
    12 Dec 2012, 03:13 PM Reply Like
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