Everybody knows that this is a big mistake..
‘Blind Faith’ In Bernanke Is Big Mistake, Kass Says
Not everyone is a fan of Ben Bernanke’s latest rhetoric. Put hedge-fund manager Doug Kass in this crowd of doubters who think the Fed chairman is heading down a dangerous path by continually trying to prop up the economy. The skeptics claim unintended consequences will manifest at some point due to the Fed’s moves, which would create even more problems for the economy to grapple with down the road. “I find it hysterical and almost ludicrous that market commentators, investment strategists and investors continue to voice blind faith in the Fed chairman,” Kass, of Seabreeze Partners, said in an email. He points ... (full story)