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June 10, 2008

Early markets ignore Bernanke to listen to Bernanke

Just after Big Ben Bernanke claimed our wonderful economy was in no danger of a substantial downturn, he, in pretty much the same breath, essentially shot himself in the foot by using his strongest language yet to warn about inflation.

Well, over in Asia, then in Europe they listened to the second Bernanke, and started dumping short-term Treasuries like toilet paper.

The Worst Fed Head Since Greenspan™ strikes again!

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