Lets Take A Moment To Dissect Bernake's Latest Zero Interest Rate Policy

by: Bruce Krasting / ZeroHedge.com

I had this to say last week:

The Fed could easily attempt to buy some market peace by issuing a statement that the policy of zero interest rates would be extended for a minimum period of one year. I consider this to be a “high probability" to happen in the next 30 days.

I got it right, but I got it completely wrong. I feared that the Fed could extend the ZIRP language for as long as a year. Not in my wildest dream did I think they could take the extremely risky move of guaranteeing that interest rates will remain at zero for another 24 months.

Having been shocked, my thoughts.

Wiedemer: Get Ready for Second Recession, Inflation

article by: Jim Meyers/Ashley Martella


Financial guru Robert Wiedemer tells Newsmax that the American economy is facing a double-barreled threat — a recession is “absolutely” coming and inflation will be the “biggest problem” of all.

Wiedemer, managing director of Absolute Investment Management and a contributor to Newsmax’s Financial Intelligence Report and Moneynews, attributes Thursday’s stock market plunge to the government’s ending of quantitative easing — printing money to buy securities in an effort to fuel economic growth.