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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