Thursday, November 3, 2011

on the other hand...

pk admission:

"I have always had the working assumption that Bernanke was being as dovish as he could manage given his board, that in private he understood just how much we need radical action"

what could possibily have motivated that idiotic assumption?

  a ivy prof "background"???

the "public" record of gentle ben is way to consistemt to carry the weight of pk's "working assumption"
at least past say the fall of 09
when pk should have called for a new fed chairman
not the re appointment of this wall street lick spittle