Sunday, Dec 07, 2008
Conditions have deteriorated on a scale and with a speed that no one could have predicted just a few
Market Oracle: Fed Deploys Every Trick in the Book to Avert Another Great Depression
Bernanke may be dabbling in the stock market already. This forces anyone who is planning to short the market to reconsider his strategy because Bernanke could be secretly betting against him by dumping billions in the futures market to keep stocks artificially high. It just goes to show that all the bloviating about the virtues of "free market" is just empty rhetoric. When push comes to shove this is "their" system and they'll do whatever they can to preserve it. If that means direct intervention; so be it. Principles mean nothing.
Posted by gardeniadotnet @ 10:49 PM (229 views) Add Comment
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