Bond Outlook [by bridport & cie, July 12th 2006]
It is not often that a Central Banker is victim of a personal and public lashing such as that given to Bernanke by Roach of MSI this week. For once we find ourselves in less than full agreement with Roach and his accusations of “flip-flopping” by Bernanke in his public statements. Poor Bernanke can scarcely spell out in gory detail what world economic rebalancing means for the USA. |
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