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View Diary: Ben Bernanke Says He's Sorry, And He Won't Do It 'Again' (220 comments)

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  •  Even the Great Roubini could not have predicted.. (2+ / 0-)
    Recommended by:
    Badabing, thethinveil

    ....that Obama would give his blessing to inflating yet another bubble. Obama's hand-picked Secretary of the Treasury, along with his now hand-picked Chairman of the Fed, have conspired to use the US Treasury to pump liquidity into the market and reinflate stock prices.

    That's why the PE ratios are so outlandish.

    It's the Ponzi theory of economic policy: how to recover after your cheap debt bubble has burst? You just inflate another cheap-debt bubble!

    This Space For Rent

    by xynz on Sat Nov 28, 2009 at 01:50:15 PM PST

    [ Parent ]

    •  You're wrong, (0+ / 0-)

      the PE ratios are not in the least outlandish but actually close to their historical average at about 15.

      I am really enjoying my stimulus package.

      by Kevvboy on Sat Nov 28, 2009 at 04:14:34 PM PST

      [ Parent ]

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