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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (106122)	1/6/2010 8:50:51 AM
From: Paxb2u	Respond to of 116555

Forget my nerves, I want to see the books---Peace

To: mishedlo who wrote (106122)	1/6/2010 11:41:50 AM
From: Jim McMannis	Respond to of 116555

And he will be reappointed...

To: mishedlo who wrote (106122)	1/6/2010 12:56:09 PM
From: stockfiend	Read Replies (2) \| Respond to of 116555

NY times got it wrong and is completely lacking insight. Bernanke didn't miss the bubble, it's just politically untenable for a Reserve chairman to call one out and attempt to burst it after it's started, particularly a bubble that's perceived to be benefiting mainstream America. Bernanke has painted himself into a corner; he can't claim he "missed" the bubble because that would make him look foolish and incompetent, and he can't admit he didn't have the cajones/political will to burst it because that would expose facade of Fed independence and weaken Bernanke's position against Ron Paul's bill.