Putting a final label on what is real and not, to resurrect an often mentioned quip from the past, yet with a real time relevant twist, Mr. Bernanke is undeserving of the rampant myopic ridicule of Fed policy by the investment community. If he can be faulted, it might be that he’s not acting as fast as he might (addressing China) which is somewhat fair, but not for the wrong investment community perceived reasons (sub-prime/housing/U.S. recession). Contrasting that viewpoint, he in fact is appropriately dealing with U.S. global picture competitiveness, not the localized U.S. housing/credit picture, and saying it without saying it:
“It’s not Recession (housing/credit/consumer), it’s Commulism (China) Stupid”.Coming Next: “Commulism Series” – Part 8. This is the third of the 3 part Economic Pillar section (part of the Commulism Response Framework), and addresses the Trade Imbalance, Counter-Leveraging and Economic Sovereignty components.
