Is Bernanke screwing the tooth fairy? – Real Asset Co
Bernanke flushed the American economy down the toilet yesterday and
along with it the hard-working citizens of the world’s most powerful
country.
After Romney said he would remove Bernanke as Chairman of the Federal
Reserve, Bernanke has gone all in for Obama who hasn’t been quite so
specific about hiring and firing. No one should be too surprised that
Bernanke is only thinking about saving his skin rather than the economy
he will have to live in when he is eventually kicked off his post.
Data releases early in the day yesterday showed that Bernanke was
missing his targets on both sides of his remit. Initial jobless claims
came in at 382K, 12K more than expected and significantly up from the
Fed. In regard to price stability, producer prices soared by 1.7% in
August, up from 0.3% in July – not so stable after all.
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