i got to say, i don't think the guy's up to the job. that said, who would be?
that said, i guess it would help if bernanke weren't a bush lap dog, and would do what it takes to turn this situation around, or at least try.
the thing that blows my mind is how the average guy is going to be totally blindsided by what happens. me, i knwo, and i'm freaked trying to figure out where to shelter my assets so they retain some value.
dan, i think we've seen over the last two months that he tries his damndest to have it both ways. i don't expect the Fed to do anything different this week -- in fact, if you noticed they got all the governors out on the road, speaking all over.
1/2 are talking about the need for more increases the other 1/2 are talking "pause"
both ways, that's what he's trying to do. what i don't think they seem to realize is that this kind of stuff is really eroding Bernanke's credibility. Every one of these wiffle waffle days, i have less confidence in him and his ability to handle the crises we can all see coming 1000 miles away in the dollar.