Monday, September 17, 2012

Bernanke may have hidden agenda in printing money





When US Federal Reserve chairman Bill Bernanke announced his latest exercise in money printing last Thursday, he said he would keep the presses running until the US job market begins to improve.


The idea is that by buying US$40 billion in mortgage-backed securities each month, the Fed will flood the US financial system with fresh liquidity and push down mortgage rates, encouraging businesses to invest and home buyers to return to the market.









via Business feed http://www.scmp.com/business/article/1038532/bernanke-may-have-hidden-agenda-printing-money

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