Currently sinking my teeth into this new article from Northern Trust economist Paul Kasriel, entitled, "I Have Come Neither to Praise Nor to Bury Bernanke" . Kasriel begins with the question of whether Ben Bernanke might be re-nominated for a second term as Fed chairman, but moves on to discuss the current state of bank reserves and bank lending. Here's an excerpt: " No one is indispensable. There are plenty of well-qualified candidates to replace Ben Bernanke as chairman of the Federal Reserve Board of Governors. So, the Republic will survive whether or not Ben Bernanke is re-nominated as Fed chairman. But let us be objective in assessing the job he has done as chairman. In my opinion, Anna Schwartz was not objective in her July 26 NYT op-ed piece arguing for the dumping of Bernanke. Ms. Schwartz asserts that Bernanke should not be re-nominated because of his sins of commission as well as his sins of omission. It is not clear to me to what Bernanke s
A trader's view of the stock market and emerging financial trends.