Crazy about printing...

Ben Bernanke loves to print so much that, this week, he couldn't resist but creating even more liquidity. I don't like the idea, because printing more currency means a greater danger for inflation and as the Chairman of the Fed himself admits, he's not too sure it's going to work anyway, but he does it to make every one feels good and make sure his printing machine still works fine. He's repeating his “magical” quantitative easing also know as QE that was key in averting a global financial disaster back in 2008.

Likewise, many financial experts doubt that this new operation, maliciously called QE2 by some, will work as well as the previous one. Not only that, it comes with some nasty bugs inside the package, like pushing assets prices up and the dollar down, shooting commodity prices into the stratosphere and might ignite a surge of inflation that could turn to be very hard to quell. Seasoned airplane pilots know that sometimes, doing nothing is better than tinkering with the stick, but evidently, Mr. Bernanke likes his press so much that he can't leave it alone...