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Tuesday, November 16, 2010

Is Bernanke Buying the Right Assets?

REVERSE CLASS WARFARE

After having paid for the election, in their mind, is it any surprise that, in addition to "no taxes", there are quarters call today in unison for the Fed to stop taking human misery into its considerations? Afterall, the wealthy are not the ones unemployed are they?

Anyway, QE2 is all the rage to worry about.

Has anyone wondered aloud whether Ben should be buying up risky assets, rather than Government debt?

Are they monetizing the wrong asset(s)?

Just curious...