A really fascinating chart showing Apparently easy money has just led to more and more Asset Bubbles and its looking like gold is turning into another one of them. Hopefully Bernanke isn't just blowing smoke when he makes comments like this.
“The best approach here if at all possible is to use supervisory and regulatory methods to restrain undue risk-taking and to make sure the system is resilient in case an asset price bubble bursts in the future.”
Given his comments on protecting the dollar as a store of wealth, consider me suspect.
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