Bernanke might visit Old Faithful this week, given he’s close by. The geyser demonstrates regularity, and thus confidence on the part of its beholders. This is Mother Nature’s version of rule-based activity.
We know of course that Bernanke’s Fed has strayed far from rule-based activity, and through QE2 created a mess in the process.
Lesson learned? We’ll soon find out.
Robert Craven
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