|
2 months ago: The Bernake: "the end of qe2 will not cause bonds to go down... blablah... continuity..."
2 months ago: Paul Kruggman: "the end of qe2 will not cause bonds to go down... blablah... continuity..."
now: The Bernake: "we'll need to start a 3rd round of qe when qe2 ends or bonds will go down."
Interventionists admitting they are wrong and at the same time want to continue doing those things that caused the problems.... *sigh*
|