How Bernanke with his, appropriate education in economics. After all his enduring of the public scrutiny of his students and mentors at universities. Could have been so blind to what was unfolding right before his eyes.
He ignored all warnings that were flying around him. The terms educated idiot, epic ignorance, comes to mind.
Or perhaps, maybe, dumb like a fox. Like the fox in the hen house.
Bull's hero did again yesterday. To hear Bernanke say there is not an asset bubble now is sickening. When you can short the dollar close your eyes and buy equities or commodities and be %100 right is scary. I think we can agree nobody is buying mortgage backed securities with this wall of liquidity that is supposed to save Americans from financial ruin. This will end with the margin call from hell and crash the world markets. When push comes to shove investors will run to the dollar.
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