Tuesday June 2, 2020

Bernanke bets on a bazooka

Whatever Americans may think about the Fed chief's latest round of money printing, the ECB's bond-buying spree will send Ireland's pensioners up the creek, writes David McWilliams.

15th September, 2012
'It scares me to think what horrors Bernanke sees down the road for the US economy to justify such an aggressive response'.

If I were about to retire and hoped to depend on my pension for an income, I would be very worried about the implication of the US Federal Reserve's move last Thursday.

Before we look at the pension implication of the world's new zero-interest rates policy, lets examine what the Fed did last Thursday, why it did it, what is says about politics in the US and what it says about what might be around...

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