Ben’s mission

Posted on June 7, 2006
Tags: Investing |

A nice post on Jeff Matthews Is Not Making This Up about people’s perception of Ben Bernanke in light of his predecessor. At the end of the day the general public (investment public or otherwise) needs a scapegoat to blame when things are going rough.

As far as the economy, Fed policy, the Dollar and interest rates are concerned, ‘it is what it is’ and, as investors, we have to deal with the facts as they are, not as we might wish them.

And this Benanke-bashing seems like plain old messenger-shooting, the kind practiced by insecure CEOs who blame their stock price declines on short-sellers, and voters who say they want “plain talk” but then won’t vote for anybody who tells them anything like the truth about things like taxes and why they’re still paying too little for unleaded gasoline and home heating oil.

Jeff Matthews Is Not Making This Up: Shooting the Messenger

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