Wednesday, September 05, 2012

Federal Reserve

Central bankers admit they don't know what they're doing.
"What is holding the economy back? Why is it that we've had such incredibly accommodative monetary policy for so long (but) we've had so little growth? I think it remains a puzzle."
We're so screwed.

Apparently establishment economists are coming in droves admitting they don't know what's going on. They never know, but they usually never admit it either.

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