“Investors seem to see inflation as no big deal, or maybe even a good thing. But they forget how inflation killed the stock market in the 1970s… and just how easily those conditions could return.
Federal Reserve Chairman Ben S. Bernanke is now seen as the stock market’s best friend. He is the second coming of “Easy Al” Greenspan… the bearded Goldilocks… the patron saint of easy money.
In years past, euphoric investors talked about the ‘Greenspan Put,’ in reference to the idea that Greenspan would never let stocks go down.” Read more.
Kent Lucas
Taipan Daily, April 26, 2010.
Image by Francesco Marino / FreeDigitalPhotos.net.
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