Our favorite Aussie comedians turn their focus on Ben Bernanke and the Fed’s “taper” threats in the following must see sketch.
Bernanke might say that there is some thought being given to tapering.
And what is tapering? Tapering is a relative concept that describes the looming possibility of some intentionality in the area related to monetary policy.
Tapering what? Tapering the easing!
Correct! And what would happen if easing were tapered Adam? Oh that would be a complete catastrophe!
Correct! Why? Well because the problem with the economy is that the money in it was vaporized due to a filing error a few years ago and the market is now completely dependent on infusions of money from the central bank.
And what happens when Ben Bernanke is due to make a statement Adam? Oh there are safety procedures right across the market. Get under your desk, go and stand in the doorway-somewhere safe. Don’t touch anything electrical with wet hands.
Correct! For that round Adam you’ve won an algorithm! [Read more...]