Bernanke Talks Up the Bankers' Balance Sheet Boogie Woogie - The Truman Sparks Award

"Sometimes when I just don't have the words someone more articulate than me on the subject says it all.

Confounded Interest
Bernanke: QE Was For “The Man On The Street” 
(Wall Street, That Is!) and Their Electrical Parade
By Anthony B. Sanders

Zero Hedge has an amusing story today based on former Federal Reserve Chairman Ben Bernanke’s speech to the Economic Club of Canada (for a cool $250,000).

*BERNANKE: FED ACTIONS DIDN’T FAVOR WALL STREET OVER MAIN STREET (QE Was For “The Man On The Street”)
* Bernanke Says US Economy Is Heading Towards Complete Recovery

Huh?  The lime colored box shows the rewards of Quantitative Easing to the Man on the Street. In Kingman Kansas, perhaps. Stagnant real household income, employment to population ratio and YoY growth in hourly wage income. And flat-lined mortgage purchase applications.



But for Wall Street, it has been roses, cigars and snifters of cognac.

at  http://jessescrossroadscafe.blogspot.com.tr/2014/04/bernanke-talks-up-bankers-electric.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+JessesCafeAmericain+(Jesse%27s+Caf%C3%A9+Am%C3%A9ricain)