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Wednesday, June 19, 2013

Bernanke Blows It Again

Ben Bernanke just can't get it right. Today, he gave the markets his opinion: the economy is doing better and Ben's Firehose of money would have to taper in coming months. This was wrong on so many levels. The economy is barely moving and it's the Fed Firehose of printed money that's keeping the economy from collapsing into a depression. The market knows. And, it's selling off hard on this mistake on the part of the Fed Chairman.