A note from the Chairman to Emerging Market Economies

"I am sympathetic to the challenges faced by many economies in a world of volatile international capital flows. And, to be sure, highly accommodative monetary policies in the United States, as well as in other advanced economies, shift interest rate differentials in favor of emerging markets and thus probably contribute to private capital flows to these markets. I would argue, though, that it is not at all clear that accommodative policies in advanced economies impose net costs on emerging market economies..." In summary, Go Fuck Yourselves. --Chairman Ben http://www.federalreserve.gov/newsevents/speech/bernanke20121014a.htm