Friday, August 17, 2007

Bernanke Beats the Bears

Bernanke showed he could play poker with the best of them, while building his reputation as he handled his first crisis with aplomb. Importantly the cut in the discount rate changed market psychology-from what could go wrong to what could go right.

Benjamin "means son of my right hand." Today Mr. Bernanke played the right hand, and we can finally say Hallelujah for the relief.