From comment to post: Bernanke
Well, I originally posted some of this over here. but…
If bernanke wasn’t such a damned pussy he’d have raised rates 25 basis points and undone some of his mistakes of last year to partially handle the inflation issue, showing full support for the dollar which would put downward pressure on crude.
But instead he’s hinting about leaning towards considering maybe perhaps someday thinking about raising the rate… possibly. What he did today was continue to try to be all things to all people instead of ending up as, as one commentator said in a stroke of brilliance today “being nothing to anybody.”
Where the hell is Greenspan when we need him. (Enjoying a well earned break I hope.)