patrick.net

Benny will try a televised, tearful appeal (a la Jimmy Swaggert) to the American people to 1) borrow as much money as they possibly can from the biggest, least-solvent bank they can find, 2) buy as much overpriced real estate as they can(not) afford with that money, and then 3) pull HELOCs to purchase as much imported Chinese crap as they can get their hands on. Problem solved!

They have been out of bullets for quite some time. The only thing different that they can do is keep on printing more money and keep it off the official inflation figures.

This is a good question.

Post Operation Twist, what tools does the Fed have remaining?

thunderlips11 says

Post Operation Twist, what tools does the Fed have remaining?

In all seriousness, his speech today suggested he's throwing in the towel, and punting for more fiscal policy rather than more monetary policy moves.

terriDeaner says

In all seriousness, his speech today suggested he's throwing in the towel, and punting for more fiscal policy rather than more monetary policy moves.

Imagine that! Good news.

For whom does the Bell Toll?

It Tolls for Monetarism!

"If we double dip - is the fed out of bullets?"

No, of course! Fed alsways can say we are not. Old Greenspan used these bullets the most.