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Kaminsky: “Bernanke Is Now A Kamikaze Pilot”

Posted By admin On September 25, 2012 @ 2:41 am In Money Watch | Comments Disabled

Zero Hedge [1]
Sept 25, 2012

In a little under four minutes, CNBC’s Gary Kaminsky provides a voice of reason amid the ‘Gold-and-Bonds-are-in-a-bubble-but-Apple-is-awesome’ meme. Reflecting on some of the mind-blowingly crazy statistics of this market’s recent inexorable rise, central bank balance sheet eruptions, and valuations; Kaminsky (an ex-PM as opposed to ‘reporter’) provides six clarifying words: “We know this will end ugly!” From the lack of credibility of any Fed exit, to the explosion of the monetary base, Gary moves back and forth from Japan as an ever-more-obvious template for our path past the Keynesian endpoint. Finally, he concludes that: “Bernanke is a kamikaze pilot… experimenting [in monetary policy] and is destined to fail.”

 


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URLs in this post:

[1] Zero Hedge: http://www.zerohedge.com/news/2012-09-24/kaminsky-bernanke-now-kamikaze-pilot

[2] Bernanke May Explain Fed Exit Strategy in Testimony Next Week: http://www.prisonplanet.com/bernanke-may-explain-fed-exit-strategy-in-testimony-next-week.html

[3] Following Bernanke Means Using Precedent of Unprecedented Policy: http://www.prisonplanet.com/following-bernanke-means-using-precedent-of-unprecedented-policy.html

[4] What Bernanke Really Said, Or How The Chairman Just Lost Control Over Policy Again: http://www.prisonplanet.com/what-bernanke-really-said-or-how-the-chairman-just-lost-control-over-policy-again.html

[5] Bernanke May Face ’Self-Induced Paralysis’: http://www.prisonplanet.com/bernanke-may-face-%e2%80%99self-induced-paralysis%e2%80%99.html

[6] US Army to fly ‘kamikaze’ drones: http://www.prisonplanet.com/us-army-to-fly-kamikaze-drones.html

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