Author Topic: Michael Burry: Bernanke Canít Use "Poison as the Cure"  (Read 2197 times)

BargainValueHunter

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Michael Burry: Bernanke Canít Use "Poison as the Cure"
« on: November 06, 2010, 05:01:56 AM »
Asperger's genius and value investing master Michael Burry goes after America's Printmaster General in a new Businessweek interview:

http://www.businessweek.com/news/2010-11-05/bernanke-can-t-use-poison-as-the-cure-burry-says.html

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Boosting the economy ďwas the point of inflating the housing bubble,Ē Burry said yesterday. ďIt was the intent that the house would become the ATM machine, and help us through those rough times, post-dot-com, -Enron, -WorldCom, -Iraq and - 9/11. Thatís why I say theyíre using the poison as the cure.Ē
Albert Einstein called compound interest "the greatest mathematical discovery of all time".


Myth465

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Re: Michael Burry: Bernanke Canít Use "Poison as the Cure"
« Reply #1 on: November 06, 2010, 09:03:25 AM »
Thanks for the link. Everyone seems to be saying the same thing. I like Grantham the best because he acknowledges that Ben's hands are tied.

ERICOPOLY

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Re: Michael Burry: Bernanke Canít Use "Poison as the Cure"
« Reply #2 on: November 06, 2010, 10:18:23 AM »
I have to say, as a Citigroup shareholder, I appreciate the liquidity -- speeds up the runoff.  I don't think that brings any jobs back, but it should increase my future earnings.