Forex | Forex | Bernanke: Central Bankers' Bob the Builder? (27/08/2009 12:47:50)

Bernanke: Central Bankers' Bob the Builder?

First, the good news about Bernanke’s nomination for a second term as head of the Federal Reserve (Fed): we know what we are getting and may be able to prepare for the risks his continued leadership may pose to inflation and the dollar. The bad news: more of the same. Let’s examine the good news first. You see, until recently banking had been a relatively simple business, as exemplified by the 3-6-3 rule: pay your depositors 3%; lend to them at 6%; and be off to the golf course by 3pm. This


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