In the past, I’ve said Bernanke was acting like he was going through OJT (on the job training). Finally he has realized jacking up interest rates did little to curb any blip in inflation but killed off the housing market in grand style so he dropped the rate the other day because someone in charge told him he screwed up. Now here we go, because the Bernanke bungle still has upcoming effects that will screw us more.
This captures the sentiments in my opinion.
