Warren Buffett’s First Choice For Fed Chair Is Ben Bernanke. Second Choice Is A Set Of Steak Knives. Third Choice Is You’re Fired.By Bess Levin
“Chairman Bernanke has done a phenomenal job. Hat’s off to him. The fed has played this well. They need to see concrete, unambiguous signs of recovery, at which point, we should all celebrate the fact that rates are rising.” [BloombergTV]
The IMF chief, whose words have never and will never rattle markets like those of the Beard, cannot understand why the Fed is unable to deploy information as sagaciously and effectively as her august organization. Read more »
Serious question of the day
- Ben Bernanke’s second term as Chairman of the Federal Reserve ends on January 31, 2014.
- Ben Bernanke has “already stayed a lot longer than he wanted to, or he was supposed to,” and will not likely be reappointed next year.
- Ben Bernanke has a head for numbers
- Ben Bernanke is a leader
- Ben Bernanke has gotten used to being addressed as “Mr. Chairman.”
- Bernanke loves Bernanke loves caviar quality suits at street vendor hot dog prices.
- Men’s Wearhouse has an opening.
The one thing potentially stopping him:
- Ben Bernanke’s noted devotion to Jos A. Bank.
It’s possible, of course, that he could put all that aside for the right price and a package that included a 50% employee discount.
But would he? Should he? Read more »
Foes of Ben, fear not: After a (very) brief flirtation with dovishness, re: the Fed’s $85 billion/month habit, Philly Fed Pres. Charlie Plosser is feeling hawkish again. Read more »
A thing that happens from time to time, and also yesterday, is that people in or around the financial services industry say furious things about Ben Bernanke:
“Ben Bernanke is running the most inappropriate monetary policy in the history” of the developed world, said Stanley Druckenmiller, the retired head of Duquesne Capital Management.
A thing that happened a lot today and yesterday is that people asked, well, why do they say such horrible things? “Because they’re true” is a possible answer and if it’s yours you might want to stop here, not much good is going to happen from here on out.
If you don’t believe that Bernanke is a war criminal or whatever, you can read some other proposed answers – by Joe Weisenthal, Neil Irwin, and Matt O’Brien – but be warned, they’re tough going if you like 2-and-20 fees and/or gold. Here, though, is a take from Matt Yglesias that I’m particularly fond of: Read more »