Skewering the Fed – Quantitative Easing explained

The "Ben Bernank" http://www.xtranormal.com/watch/7738663/quantitative-easing-re-explained delivers more bad news for savers as he has announced yet another round of quantitative easing. http://www.bloomberg.com/news/2012-09-13/fed-plans-to-buy-40-billion-in-mortgage-securities-each-month.html

 [Editor’s note: the above “cartoon” is done using a text-to-computer-speech program and the financial community takes great delight in the computer’s pronunciation of Ben Bernanke. The correct pronunciation sounds something like “ben burn-ang-key”.

It is too much for the computer who mangles it somewhat and says “ben bernank”.]

The investment community sometime calls Ben “The Bernank”. We think this is completely hilarious although some might say it doesn’t take much to keep an adviser entertained these days.]