Thursday, July 11, 2013

Bernanke Reverses Himself With More "Accommodation", Tanks Dollar Over 2%

Someone must have found out something about The Bernank. Was it with the help of the NSA? In May bald Ben broached the topic of tapering just two days after Obama effectively fired him by saying Ben had been at the Fed too long just like Mueller has been too long at the FBI (a total slap in the face to Ben), and when Ben doubled down on the tapering again in June to show that he was really serious opinion broadly ridiculed him. Bonds took it in the shorts, and savers lost a lot of money. Now he's completely reversed himself all of a sudden, stocks are flying to new heights and the dollar erases its gains. He's either a manic depressive, or Obama's got something on the guy.