Doug Noland: the First Domino in the New Crisis of Confidence and New Cycle Dynamics – Investment Watch investmentwatchblog.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investmentwatchblog.com Daily Mail and Mail on Sunday newspapers.
This year’s Nobel Prize in economic sciences has been awarded to former U.S. Federal Reserve Chair Ben Bernanke and two other U.S.-based economists. Bernanke, Douglas W. Diamond and Philip H.
As Fed chair Bernanke was the architect of the bank and corporate bailouts of 2008 and initiated the program of quantitative easing by which the Fed and other central banks poured trillions of dollars into financial markets, facilitating an orgy of speculation the like of which has never been seen, while widening social inequality to unprecedented levels.