Ben Bernanke

Ben Bernanke

When Speculators Prosper Through Ignorance

"Speculators often prosper through ignorance; it is a cliche that in a roaring bull market, knowledge is superfluous and experience is a handicap. But the typical experience of the speculator is one of temporary profit and ultimate loss."

Kyrgyzstan's Central Bank Urges Citizens To Own Gold

"Gold can be stored for a long time and, despite the price fluctuations on international markets, it doesn’t lose its value for the population as a means of savings," Kyrgyzstan’s Central Bank Governor Tolkunbek Abdygulov said, "I’ll try to turn the dream into reality faster."

The Unintended & Deadly Societal Consequences Of Quantitative Easing

"As I look back, it now seems that, with all the thought and work and good intentions, which we provided, we achieved absolutely nothing… nothing that I did produced any good effect – or indeed any effect at all except that we collected money from a lot of poor devils and gave it over to the four winds."

Spot The (Yield Curve) Difference

Something to keep in mind as "reflation", "recovery", "stimulus", and whatever else we can put between quotation marks comes up all over again...