The Bernanke from the Jackhole
Obama has his Ben in the Hole…. is it an ace or a deuce?
Or maybe both…
Everyone awaits the Bernanke’s speech from the Fed’s annual symposium in Jackson Hole, Wyoming. Given the failure of Quantitative Easing 1 and QE2 to spur the economy, and our (maybe?) future president Perry’s denouncing of such fiscal chicanery for the sake of political gain, there should be no QE3 announcements.
And yet, the stock market seems to expect some good news out ol’Ben. They’ve already used the “big guns” to no effect… what more could he do?