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Bernanke: The anti-Robin Hood
Posted by Ed Thompson on 9/24, 12:42pm
Folks will recognize that inflation is not measured excluding food and energy, and will realize that inflation in this country is 5%-plus -- which would argue for long-term rates in the neighborhood of 7% or 8%. ... And anyone old-fashioned enough to save money will be hurt. Of course, those who will benefit (for now), in addition to the extremely wealthy, are speculators. It seems the national pastime in this country is to speculate and lever up. And then, when one and two plans don't work, demand to be bailed out. And by the way, your demands will be met.
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