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charles hugh smith-Calling All Crash Test Dummies: Big Crash Ahead -
April 11, 2012
Mathew A. Koeneker
"If the stock market can never crash again due to the Bernanke Put, then why have all the crash test dummies been ordered up? I know, I know: the stock market will never go down because Ben Bernanke and the other central bankers won't let it. It's funny how the "Bernanke/European Central Bank Put" is ranked alongside gravity as a rule of Nature until markets roll over; then talk shifts from purring adulation of central bankers' godlike powers to panicky calls for another flood of liquidity/free money to "save" the market from the harsh reality of global recession. The crash test dummies know better: they've been called up for a humongous crash." -
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