The final week of February has been an exciting one for the US equity markets. After a “hung” election in Italy produced fear and trembling, our own Fed Chairman Ben Bernanke stepped up in front of the Senate Banking Committee and the House Financial Services committee to lay out yet another all clear call. Mr. Bernanke is long on buying US Treasury debt and very short on explaining just how in the heck his team will ever unwind over $3 Trillion bond portfolio without causing major stress on the publicly traded bond market.
So here is the BrickStreet editorial of our friend who has become the most powerful man in global finance.