Friday, May 17, 2013

Jon Hilsenrath's Video on Bernanke’s Testimony Next Week

17-May: The Wall Street Journal's Jon Hilsenrath previews Ben Bernanke’s trip to Capitol Hill next week and the key questions he faces: how and when to wind down the Fed’s quantitative-easing program and how to get more Americans back to work.
PG View: Hilsenrath says the Fed is probably “not there yet” when it comes to pullback from QE. He goes on to say that stock market gains pushes the conversation away from “good” inflation and toward risk of an “asset price bubble.”
Whoa, whoa, whoa! Did he just mention “stocks” and “bubble” in the same breath? I thought that was some form of blasphemy.

No comments: