Mike Shedlock (MS) has a superb post about what the Fed can and can't do at http://www.globaleconomicanalysis.blogspot.com/ on 3 April 2008 Don't miss it.
MS is really banging them out of the park. Another 520-footer over the 461 sign, known as the left-center field bulge in old Yankee Stadium! MS dissects Helicopter Ben's (HB) testimony in front of Congress on 3 April 2008 at http://www.globaleconomicanalysis.blogspot.com/. Don't miss this post either. Way to go Mish! I read the WSJ's article on HB's testimony and was preparing to blast it along Mish's lines.
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