Bernanke Disappoints

Let me put this bluntly:  Bernanke did not communicate effectively.  His message and presentation were both poor. I do not mean that he is substantively wrong, just that he did not effectively communicate his message.  As regular readers of "A Dash" know, I have been one of his biggest supporters.  What went wrong? Style and […]

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Debunking the Myth of the QE II Rally

The single biggest market question is this one: What happens at the end of QE II? I have explained this on several occasions and promised more detail.  After listening to countless talking heads talk about the QE II rally, we need some clarity. Background There are two views of the world: Gains in various markets […]

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