Marc Faber : I have to say after having been critical of Mr Greenspan and Mr Bernanke for the last fifeteen years for creating the NASDAQ bubble and then creating a gigantic housing bubble and then a commodities bubble and printing money and keeping interest rates artificially low that led to misallocation of capital at least this time around Mr Bernanke did the right Thing , you may debate the technicality of shifting their assets from short into long term bonds , I think one of the problems will occur sometimes in future because let's say the FED had only thirty years bonds and a time would arrive when they should increase short term rates due to whatever , weakness in the dollar or inflationary pressures or rising sharply escalating commodity prices It would be very difficult for them to increase short term rates because then the bond market will tank and they will have a huge loss of their balance sheet , but let's put it this way what they said yesterday is better of what that have said for the last twelve years ...-
in Reuters
