Ben Bernanke behind the wheel, US Treasury in the passenger seat, Conglomerates in the back, Regulators in the boot and the People in tow - Welcome to the New Normal.
Yesterday's comments by Ben Bernanke highlights the influence wielded by central bank commentary, but also exposes just how hollow the Fed's policies are becoming.
Greece is hiring Goldman Sachs to sell-off two of its banks. Expect Greece to be underpaid and Goldman to profit as the Troika further erodes Greek national interests.
The ECB and Bank of England have both announced trailblazing, 'forward guiding' monetary policy. Where we're being guided to, still remains a mystery however.
The Fed’s meddling has made global markets dysfunctional and set the scene for the U.S. economy to become a victim of its own success this Friday. We expect the markets to be long on volatility and short on common sense.
