Loading ...Had the misfortune to hear Bernanke speak ystdy…he is out flogging his book of excuses, as to why he bailed the banksters out.
Suffice to say he is delusional ….low interest rates are nothing to do with CB’s, they are a function of too much savings chaseing low investment returns !!!!!!!!!
He had to bail out the too big to fail banks or the world ended…..getting rid of all that QE is easy and will not effect the Feds ability to raise rates, when it wants to.
In a nutshell he and the rest of them inhabit an alternative universe, one where they have succeeded and most problems have been solved. They actually think that rigging the mkts 24/7 is a worthwhile exercise !!!!!
500 people plus in the room and when the Gold Standard was mentioned….total silence…it scares ’em to death.