Mr. Crescenzi is an executive vice president, market strategist and portfolio manager in the Newport Beach office. Prior to joining PIMCO in 2009, he was chief bond market strategist at Miller Tabak, where he worked for 23 years. Mr. Crescenzi has written five books, including his latest, "Beyond the Keynesian Endpoint," which was published in November 2011, and a complete revision to Marcia Stigum's "The Money Market." He regularly appears on CNBC and Bloomberg television and in financial news media. Mr. Crescenzi taught in the executive MBA program at Baruch College from 1999-2009. He has 28 years of investment experience and holds an MBA from St. John's University and an undergraduate degree from the City University of New York.
Like Hamlet, Federal Reserve Chairman Ben Bernanke faces a choice – whether or not to conduct a third round of Treasury, agency and/or mortgage-backed securities purchases in order to fend off the ravages of the deleveraging process.
The ability of central banks to sustainably reflate the economies of the developed world remains very uncertain.
Where political leaders have failed, Fed Chairman Ben Bernanke has succeeded in providing continuous leadership at a time of crisis.
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