The markets were on track for their first up day in a week until Bernanke opened his BS-hole with just 15 minutes to go before the close.
The full text of his speech is here, but you already know the highlights:
- There isn't any inflation.
- The inflation is not my fault.
- The easy money flogging will continue until morale improves.
The experts agree We're going Full MMT So start buying gold Mauldin Economics on the prestigious Camp Kotok economic gathering: ...
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There are very few financial problems that can't be solved by a suitable application of asset bubbles.