Friday, June 21

The Ben Bernanke Administration reaches its high point; for Obama, not so much . . .


Gallup reports that US investor optimism is at its highest point since Obama took office. This is, of course, attributable to $85 billion dollars being printed each month by Ben Bernanke and the Fed and used to purchase US Treasury Bonds, thus inflating the equity bubble. Bernanke has signaled that the party may be over, however. Markets have reacted accordingly.
On the other hand, Americans, and the world, are not feeling the love for Obamanomics (don't hear the media use that term much anymore).
Can't Bernanke replace Obama, rather than vice-versa? Guess not. Rough times ahead ...

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