from KingWorldNews:
I’ve been wrestling with a moral question. Would it have been better
to allow the bear market of 2008-09 to continue down to its ultimate and
natural conclusion — or would it have been preferable to “step in” (as
the Bernanke Fed did) and attempt to halt the bear market in its tracks?
Of course, we know that Ben Bernanke chose the latter course, which
meant attempting to halt the bear market.
Personally, I’ve voted against the Bernanke way. The reason is that I never thought it was possible to halt and then reverse the primary trend of the stock market or the economy — any more than I think we can halt the dawn and thus hold back the night.
Richard Russell continues @ KingWorldNews.com
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I’ve been wrestling with a moral question. Would it have been better
to allow the bear market of 2008-09 to continue down to its ultimate and
natural conclusion — or would it have been preferable to “step in” (as
the Bernanke Fed did) and attempt to halt the bear market in its tracks?
Of course, we know that Ben Bernanke chose the latter course, which
meant attempting to halt the bear market.Personally, I’ve voted against the Bernanke way. The reason is that I never thought it was possible to halt and then reverse the primary trend of the stock market or the economy — any more than I think we can halt the dawn and thus hold back the night.
Richard Russell continues @ KingWorldNews.com
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