Bernanke considering QE3? Impeachable offense.
While Congress performs yet another kabuki dance over the debt ceiling, a stealthy Ben Bernanke is sneaking up behind the US Dollar ready to slit the jugular. This is the kind of stuff that you can only learn from Bernanke's latest book - Mastering Jew-Jiutsu: The Art of Economic Destruction. Order now and you will get Master Greenspan's pamphlet - Basic Jew-Jitsu: Bubble Bubble Toil & Trouble for free! Yesterday's announcement sent several key markets into their respective corners. "Fed Chairman Ben Bernanke has made it plain to the world that the Fed is not ready to put the U.S. economy's crutches back in the closet," Douglas Borthwick, managing director with Faros Trading, said. "Saying the economy still requires a good deal of support, the chairman is making it plain that QE3 is still on the Fed's mind and is on the table." Good news that Ben's mind is still operational, could have fooled us. Predictably the following happe