The Bernanke Put: Can the Markets and the Economy Live Without It? : John Cassidy – The New Yorker

Official portrait of Federal Reserve Chairman ...

Official portrait of Federal Reserve Chairman Ben Bernanke. (Photo credit: Wikipedia)

This is an excellent and STRONGLY RECOMMENDED read from John Cassidy, in the New Yorker. Check it out!

via The Bernanke Put: Can the Markets and the Economy Live Without It? : The New Yorker.

In my view, John Cassidy rights extremely well and has a knack of making making complex subjects easier to understand.

I tend to agree with John Cassidy that Bernanke, Chairman of the Fed has taken a bit of a risk. Whilst the US economy has rebounded from the crisis of 2008 and compares well to Europe, there are many storm clouds on the horizon. Europe remains in austerity deadlock because of Germany, where the legal system hold politicians in check. China is struggling on many fronts to reform and mature her economy, with many businesses struggling to find finance. In the Middle East, the situation in Syria could still escalate into wider regional warfare.

Any thoughts?

 

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One response

  1. Pingback: Austerity and the Mistaken Lessons of History : a UK Misfortune – John Cassidy – The New Yorker « Dr Alf's Blog

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