Bernanke: "QE2 Contributed To A Stronger Stock Market"Submitted by bobbyw24 on Thu, 01/13/2011 - 16:25
We all know that a Strong Stock Market is more important that low unemployment, low inflation and a good standard of living cuz a strong market means Wall Street peeps like Jamie Dimon and Lloyd Blankfein are doing well . .
During today's little CNBC circlejerk shindig, Ben Bernanke, in defense of his disastrous, and now deadly policies, once again confirmed that the (one and only) benefit from QE2 has been to boost stock prices. Oddly enough, there was no mention of surging energy, food and commodity prices. Nor did Liesman ask the Chairman about 43.2 million Americans on foodstamps, just as he did not ask the dictator of the centralized ponzi for his comments on why at last count 50 people in Tunisia were dead protesting, among other, record food prices and cost of living.
From Market Watch: