Friday, August 26, 2011

The Weaning Process

What Bernanke did today was begin the weaning process. Good move Sir.

He may have recalled the fate of Capt Cook. A particular Hawaiian crowd manufactured Cook into a god. When they found out he was not, it did not end well for Cook.

Thus, Bernanke said further action will be considered at the Sep meeting. This is part of the weaning process.

There will be nothing in Sep, but by then, the crowd will have dispersed.


Robert Craven

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