I find it hard to believe Benjamin “The Bearded Clam” Bernanke resigned. He was fired by our bank hating Prezident, who wanted to place the insane man, Larry Summers, at the head of all tables. When that failed, miserably, he conceded to Yellen–but not after hemming and hawing about it.
The blunt smoking ways of Bernanke, catching short sellers flat footed at midnight, infecting their dreams with visions of doom, is gone. He’s now on the love boat, sailing the seven seas, somewhere near the Bering Sea. He is watching the mess unravel and can only marvel at his track record of saving the world, not once, but twice, all the while our cabal of amateur politicians threw mud and rocks at his good name for meeting extraordinary circumstances with extraordinary antidotes.
Ben had the world under his “Iron Dome” of liquidity, keeping the music going long enough to help us forget about what was in store for us in 2008.
Now he’s gone and coincidentally everything seems to be unraveling again.
Let’s see if Yellen runs with his playbook, or is under the directive of the President–who’s busy organizing communities, instead of governing from the top.
The blunts have been extinguished and the Federal Reserve ashtray has been cleaned out and filled with old lady butterscotch sucking candies.