Don't Count Out the Act of God

Don't Count Out the Act of God

Quite often, I’m asked that if the world is “going to hell in a hand basket” why do the U.S. financial markets continue to go higher? 

I respond by saying that most other central banks of the world demonstrate their dedication by trying to maintain stability and preserve some level of normality in their country or union. 

Their main focus, unlike the Federal Reserve here in the U.S., is not to artificially elevate the stock markets.  

Ben Bernanke, on the other hand, has operated under the misguided belief that the...