I was invited to a luncheon this week where the ‘Bernak’ is to be the keynote speaker. I declined on the grounds that seeing the master of disaster on his ’250K a gig’ speaking tour would only upset my stomach. On the other hand, like Greenspan before him, Bernanke is wise to collect speaking fees now, before the next loss cycle reveals the suicidal asset bubbles his brilliant leadership created.
We’ve been living under a cloud of financial repression for the last four to five years, says Jay Jordan, The Jordan Company chairman & managing principal, sharing his worries about the pace of the Fed’s tapering and its impact on the markets. Here is a direct video link.