Bernanke and continued stealth inflation
Some continued dire warnings, and a possible way out. Only one of which is, sadly, firing Bernanke.
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Well I’ve got no idea… half the economics articles I read lately are either “Head for the hills” or “pass the Gray Poupon.”
There’s some interesting stats over at http://www.shadowstats.com/alternate_data which show (IMHO) more realistic macro and M3 numbers. CPI as published is pure merde and nearly everybody knows it.
I really believe that half of the current economic stability is simply believing in something – and “baghdad bob” Bernanke is the front man no matter how crappy the numbers look. If he pulls us through with hand waving and magic smoke then what difference does it make?
If the economic reaper is coming – I really doubt that it’ll make a difference anyway.