Pres candidate Paul Ryan is on to something, referring this pm to Bernanke - "...he is not having another Q3," ok, to correct, "..a Q3," but you get the point.
Ryan is right. Bernanke knew he would have his head taken off by the mob if he said just that this weekend.
Easier to put it off. By September the crowd will have dispersed.
To close the pattern just ahead, you must understand economics but you must not think like an economist.
An understanding of crowd behavior is far more important.
Robert Craven
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