Closing Update for Friday, August 21: New Highs for 2009 [View article]
Mr. Bernanke is cheerleading the economy because he has no choice; he has his own horse in the race even if it has a pulled hamstring and dispepsia.
He peppered his statements with cautious (Cover You A$$) comments so they will have less ammunition at the Congressional hearings, can't throw him in jail, or hang him from the nearest lamp post when the market crashes again (worse this round).
He knows what 1930-1932 looks like and it's the monster under his bed.
Closing Update for Friday, August 21: New Highs for 2009 [View article]
He peppered his statements with cautious (Cover You A$$) comments so they will have less ammunition at the Congressional hearings, can't throw him in jail, or hang him from the nearest lamp post when the market crashes again (worse this round).
He knows what 1930-1932 looks like and it's the monster under his bed.