Tuesday, June 10, 2008

The Candy Man


By cutting interest rates to the bone and pumping the markets full of liquidity, Ben Bernanke may have saved the U.S. financial system from incurring even greater damage than it has already suffered. In the process, the U.S. Dollar has been degraded to levels that have not been seen in decades. After all the damage that has been done, last week's action has traders wondering if the man who has been feeding candy to the markets is now about to sing a different tune.

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