from Jesse’s Café Américain:
I see where Ben Bernanke is worried that the US is losing economic control of the world, and is dismayed at the prospect of ‘competing systems’ with the rise of an alternative development bank and currency regime led by the BRICS.
And the Fed’s friendly financial journalist mouthpiece Jon Hilsenrath asks why you are being so stubborn and stingy, and not out there spending. Are you being awkward or something?
You see, the Fed looks at the aggregate numbers, and from what they can tell from their models, people are saving just too darn much.
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