Wednesday, May 27, 2015

Buying When No One Else Wants To

Bernanke, the former Fed chairman, either cannot read or publicly discuss global economic trends. Either way, his feel-good headline interpretations must be deemed entertainment only. Solutions to the monetary and debt morass will be debated only after smart money has started buying when there's blood in the streets.

Headline: Bernanke sees no risk of hard landing in China, bullish on U.S. economy

SEOUL (Reuters) - Former Federal Reserve Chairman Ben Bernanke said that China's economic slowdown should not worry markets as there was no risk of a hard landing, and emphasized that a move to raise U.S. rates should be viewed as a positive sign for the world's largest economy.

Bernanke, who participated in an open interview at a private-sector forum in Seoul on Wednesday, said the expected U.S. rate hike would be "anticlimactic" when it happens and that there would only be minor negative impact on South Korea.



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