As Bernanke Blows A Bigger Bubble, Everything Is Bought

As Bernanke Blows A Bigger Bubble, Everything Is Bought

We have got to turn the page on this kind of bubble-and-bust mentality that helped to create this mess in the first place, we have got to build a housing system that’s durable and fair and rewards responsibility for generations to come.  That is what we have got to do,”

      Barack Obama, August 6, 2013

The economy is bad enough to warrant no taper so you BTFATH; and so bonds, stocks, gold, oil, and HY credit are screaming higher still as the money-printing will continue until morale improves. Bernanke just explained not only why there’s no froth (and they’ll communicate to “avoid any sharp moves”), but that 7% unemployment threshold was indicative (‘just kidding’). Bernanke summed it all up well himself on the over-optimism of the Fed’s projections – they are already “stretching the bounds of credibility.”

  • *BERNANKE SAYS FED WILL DO THE RIGHT THING FOR THE ECONOMY

That sounds very close “whatever it takes,” eh, Ben; and seemed to make buyers a little nervous…

From the statement: S&P +26pts, 10Y -18bps, USD -1%, WTI +1.1%, Gold +$52

Charts: Boomberg

Your rating: None Average: 4.9 (7 votes)

Share This:
free vectors