Sunday, December 5, 2010

[Video] 60 Minutes - Bernanke: If I Need to Do QE3, I Will. Happily.

It was leaked in the closing 30 minutes of trading Friday that Bernanke was endorsing a move to QE3 if forced to, and the market immediately jumped some 5 S&P points.  A wide ranging video on 60 Minutes below - not much new here other than admission that unemployment will remain high for many years, Bernanke sees no inflation at all, and QE3 is shaping up as a proposition.   A quick question on income disparity was shook off as a situation due to education variance amongst the populace.

More importantly to our society, Mark Zuckerberg is about to announce a redesign of the Facebook page!

15 minute video

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