Quote:
Originally Posted by teomaxxx
I bet they did mainly to save a wall street, not average Joe. Even Greenspan told, that is fundamentaly wrong to lower interest rates now as it will bring inflation -> recession.
|
Sept. 18 (Bloomberg) -- The U.S. economy will head into a ``serious'' recession and the dollar will ``collapse'' if Federal Reserve Chairman Ben S. Bernanke reduces interest rates, investor Jim Rogers said.
``Every time the Fed turns around to save its friends on Wall Street, it makes the situation worse,'' Rogers said in an interview from Shanghai. ``If Bernanke starts running those printing presses even faster than he's doing already, yes we are going to have a serious recession. The dollar's going to collapse, the bond market's going to collapse. There's going to be a lot of problems in the U.S.'' "
http://www.bloomberg.com/apps/news?p...7&sid=aYBOOiT5