re: #388 Russkilitlover

38 pts is not very “up.” I think we’ll see Wall Street’s take on today’s Bernanke tap dance tomorrow or by the end of the week. If Wall St. sees that the Fed is going to artificially block inflation now, it could be very good for stocks in the short term. Bernanke said that he wants banks to “hold onto” the monies they have (i.e., tighten credit), this will be very bad for small business and employment.

Um…forgive me, but how does one “artificially block inflation”? Either inflation is cut off at the knees, or it’s not; money supply measures are either in balance, or they’re not.