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---- IMF: The World Is "starting to pull out of recession"


martinibuster - 2:11 am on Aug 19, 2009 (gmt 0)


>>>when are they going to loosen the faucet of money...

You mean beyond the low interest rates this decade, and the billions we threw at Wall Street and the auto industry?

...it was caused/allow to happen intentionally by the Federal Reserve.

It's been a long time coming and not as simple as saying it's Bernanke's fault. Bernanke simply inherited a problem that's been in the making for at least twenty years prior. If you're going to point a finger at a single person then point the biggest finger on your hand at Greenspan. He's the one who advised congress and several presidents on both sides of the aisle that the market can self-regulate and that derivatives were great, that breaking down regulations in place since the great depression was a good thing. Now we're finding out it wasn't such a good idea.

But that's in the past. Things are not great, but they're definitely getting better.


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