Bernanke speaks before Congress and the market loses 300 points. He cuts 25 basis points instead of 50, and the Dow loses 300 points.
That my friends, is the Fed discount, every time Bernanke opens his mouth.
And Congress wants to consult him on policy?
Bench him, fire him, or trade him.
But this isn't sports.
But it is no sport that these fools are in charge of our Central Bank.
1 comment:
Told you so. See:
http://market-ticker.denninger.net/
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