Atlantic Magazine Proclaims Ben Bernanke "THE HERO"
If you are looking for the most nauseating cover possible on Ben Bernanke, please consider the April 2012 issue of the Atlantic.
The cover asks the question "Ben Bernanke saved the global economy. So why does everyone hate him?"
For starters Ben Bernanke did not save the global economy. Making such a proclamation is like a football fans proclaiming victory at the end of the third quarter with the score 54-24 following a 24 point rally after being down 54-0.
Simply put, it is far too early to make a presumption the Fed "saved" anything given the global economy remains hugely imbalanced and highly vulnerable.
The cover asks the question "Ben Bernanke saved the global economy. So why does everyone hate him?"
For starters Ben Bernanke did not save the global economy. Making such a proclamation is like a football fans proclaiming victory at the end of the third quarter with the score 54-24 following a 24 point rally after being down 54-0.
Simply put, it is far too early to make a presumption the Fed "saved" anything given the global economy remains hugely imbalanced and highly vulnerable.
Mike Shedlock
Mike Shedlock is a registered investment advisor representative for Sitka Pacific Capital Management.Join the Debate
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