a: low interest rates ~
b: using gasoline to light your charcoal grill

What:

"Mr. Bernanke told CNBC last year that, "Our policies have contributed to a stronger stock market just as they did in March 2009 when we did the first iteration of this program." No kidding. But as a policy tool, low interest rates are like using gasoline to light your charcoal grill. You may singe your eyebrows, but it will certainly light the coals. The question is will the coals stay lit when the gasoline burns off."


Useful?
Writer: ANDY KESSLER
LCC:
Where:
Date: Mar 4 2014 2:14 PM


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