Why the Fed won't stop printing money: Bill Fleckenstein

 As my good friend Fred Hickey noted last week, it's absurd that the whole world would be waiting for the congressional testimony of a man with nothing to say. But that was the scene Wednesday as Federal Reserve Chairman Ben Bernanke made his way up Capitol Hill.
Bernanke can do all the tough talking he wants. But he's not going to take much action to reduce liquidity, given that the economy does not appear to be in a self-sustaining mode. Confirmation comes from two data points last week: Month-to-month new-home sales dropped 11.2%, after expectations of a 3.5% gain, and consumer confidence declined significantly.
Read entire article