"Well I reckon that Big Ben should resign immediately. His monetary policy and theories are collapsing before our eyes and he will send the entire world economy into a major contraction."
Amazing. Awesome. (I picked up those words from Adam Hills last night.)
What evidence is there that "his monetary policy and theories" are collapsing before our eyes?
Personally, I believe he is close to sainthood. He did, in my view, save the world from a Depression. Without the decisive action he took at the depths of the GFC, that's what would have happened.
And despite all the pressure from the Republicans and the Tea Party (and Ben is a Republican), he didn't cave in to their calls to stop doing what he was doing. He was incorruptible.
In America - Employment is improving; Housing is improving; the Stock Market is in a huge bull rally. Where's the calamity?
Redbacka
market perception - thursday, page-10
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