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  • hickey90 hickey90 Sep 23, 2011 1:35 PM Flag

    KO'ed by Bernanke today

    What a bunch of horse pucky!
    The banks aren't doing sqaut.
    Have you gone over to FRED recently and check the M! multiplier.
    TheFED is flatening the yield curve. But the banks make too much money just sitting on cash. theyare not lending.
    This is why twist won't work inMHO.
    Money is drying up. All the stimulus money hasn't done anything.

    In the old days the banks worked when they acted as banks. In 1985 the multiplier was over 3x.
    now it is unde 1.
    And you think the banks are doing a great job?Both you and the Duck are nuts. Only thing the DUCK has bee right up to now.
    For now cash is king.
    The economy is dead in the water.

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