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Old 26th January 2008, 09:47 AM
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Why Bernanke Was Wrong - Motley Fool

Some Interesting comment here:

On that day, we learned for certain what many of us had long been suspecting. The current Federal Reserve under Chairman Ben "Helicopter" Bernanke:

* Answers to Wall Street banks and Jim "Mad Money" Cramer.
* Is spurred to action by stock market gyrations.
* Acts directly contrary to its primary duty of fighting inflation.
* Wants to "help" by trying to reinflate the bursting housing bubble.

...In years gone by, aggressive rate cuts helped stimulate the American economy by encouraging domestic investment and spending. That worked wonders when manufacturing and consumption were heavily centered in the United States. These days, however, the rules of the global game have changed. A policy that may have worked years ago will fail in today's globalized economy. As a result of continued Fed missteps, capital is clearly fleeing the U.S. for more lucrative opportunities abroad...

.....That's why, at Motley Fool Global Gains, we believe that every American investor must have exposure to foreign economies

http://www.fool.com/investing/intern...was-wrong.aspx
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