WEEKEND DOUG NOLAND

http://prudentbear.com/index.php/creditbubblebulletinview?art_id=10702

Doug on POLICY RISK

"Before delving into his cost-benefit framework, it is worth mentioning that the word “Bubble” is nowhere to be found in Bernanke’s paper. I strongly argue that the issue of whether the Fed is once again accommodating a Credit (“government finance”) Bubble is today’s prevailing – potentially catastrophic - policy risk."