Re: How long before we know?
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TYHEE GOLD CORP
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Message: Re: How long before we know?
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Rick Ackerman begs to differ, suggesting that not even the fed can create enough money to prevent deflation:
Meanwhile, the inflationists can keep blathering about how the Fed is going to crank up the printing presses, even though that’s pretty much what the Fed has been attempting to do for more than a year. And with what success? Home prices have not stabilized, let alone appreciated, and even that reliable mine canary, yield spreads, no longer seem spooked by the prospect of inflation. It was the Fed’s intention all along to stop home prices from falling, and Bernanke & Co. supposedly stood ready to do “whatever it takes” to prevent deflation. We never doubted they would try. But what we did doubt – since the 1990s --was that the Fed, even acting in concert with other central banks, was big enough to counter a deflationary juggernaut with this many zeroes: $100,000,000,000,000.
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