10/15/10 - It's Scary How Clueless Bernanke Is

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Home > Commentary > Euro Pacific Capital > 10/15/10 - It's Scary How Clueless Bernanke Is

Think Outside the Bull at bearMarketCentral.com

10/15/10 - It's Scary How Clueless Bernanke Is

Peter Schiff

By Aaron Task (finance.yahoo.com)

As expected, Ben Bernanke provided a rational for more quantitative easing Friday, declaring: "Inflation is running at rates that are too low relative to the levels the [FOMC] judges to be most consistent with the Federal Reserve's dual mandate" of price stability and full employment.

Predictably, Euro Pacific Capital president Peter Schiff wholeheartedly disagrees with that - and just about everything else Bernanke says. Read more and watch the video.