Purposeful Class Warfare? Breathing Room for Rupee? Sheer Stupidity? Ridiculous Comment of the Day

Some people think the Fed’s actions are purposeful, but in a favorable sense. For example, please consider Bernanke Buys Time for Brazil to India as Rupee Leads Rally The Federal Reserve’s surprise decision to refrain from scaling back monetary stimulus provided a respite to investors in emerging markets, where currencies are in the midst of their worst rout in two years.“It gives everyone some breathing time,†Denise Simon, an emerging-market fixed income manager at Lazard Asset Management, which oversees $147 billion, said by phone from New York. “It certainly takes some of the immediate pressure off the more vulnerable countries

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Purposeful Class Warfare? Breathing Room for Rupee? Sheer Stupidity? Ridiculous Comment of the Day