Who’d want Bernanke’s job tomorrow?

Posted | 19/06/2013 / Views | 2130
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Who’d want Bernanke’s job tomorrow? Taper QE and dish up a potential simultaneous crash in bond and equities markets, lose control of yields and dish up to the US Government unserviceable interest costs on their $3.5t balance sheet (which will grow to over $4t by next year even with tapering) and then start printing again to try and reduce yields; or leave as is and keep kicking the can down the road and then have to do the aforementioned on an even bigger debt and over stimulated sharemarket later. Medium to long term gold and silver look good on either scenario…