“The Fed is going to ram liquidity into the financial system whether it is asking for it or not, just going out and buying assets and printing money in order to do it,” said Alan D. Levenson, chief economist at T. Rowe Price. “If you jam money into everyone’s pocket, they will spend it.”
No. Greenspan’s cheap money was the catalyst that precipitated all this. Bernanke’s cheap money is going to save us? Epic fail.