Bernanke's QE II Scorecard
- Long-term yields are rising
- Banks are not lending
- Consumer credit is still dropping
- Housing prices hit new all time record lows
- Housing starts have hit new all time record lows
- Banks are sitting on massive amounts of properties not marked-to market
- Commodity prices have soared
- Food and energy prices are up substantially
- Those on fixed incomes earning nothing on their deposits are getting crushed
- The stock market marches higher
Just ask Strupp! He'll tell you the economy is doing GREAT!
ReplyDeleteYeah that's me. The guy always talking about how great the economy is.
ReplyDelete