Thursday, November 18, 2010

QUANTITATIVE EASING EXPLAINED



What the Federal Reserve is up to, and how we got here.

As I said to Paul (A.), the cartoon video would be hilarious, if it did not make you want to cry.

Thank/Blame Paul (A.)

5 comments:

  1. Oh Lordy!!! I laughed the first three minutes --after minute four --forget it --it's sooooo saaaad!

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  2. Thanks for clearing all that up for me.

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  3. Oh dear :-(

    My theory is they gave Ben Bernanke that job because it's just such a great name, Ben Bernanke. You'd have to do something like run the Federal Reserve Bank with a name like that. Plus the beard, which is rather good, as they pointed out in the video.

    Our bankers in the UK are all called names like Sir Win Bischoff (Win being short for Winifred. Or Winfried, to be fair. Which is a good name too, just not as dynamic-sounding as Ben Bernanke).

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  4. Cathy, it was the name, then, that got the Ben Bernanke appointed. That's as good an explanation as I've heard.

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