Bernanke should have been removed from his position, because he is responsible for the extraordinary difficult period for which the above post gives him credit. Moreover, people more competent than him foresaw the crisis, told him what was about to happen and yet he disagreed with them and did the opposite of he should have done. The people who foresaw the crises and gave advice were not offered the chance to lead to avoid the crisis or to help solve it, yet we have one other posts drooling over those who at best are not among the top of class.
I think your both right. Obviously tapering is huge dollar strength. Already weak EM having troubles with deficits and inflation....it's like fuel on a fire.
You remind me a guy who would defend anything a person would say or do as long as that person holds a powerful position.
I doubt the academics like Bernanke. If anything they may feel injustice in not having been offered the chance to lead and to avoid the crisis, particularly those academics and other economists who were proven right in their forecasts.
Yes. But if QE was running full blast and there wasn't a taper in sight, the impact of weakened EM currencies would be very minimal.
Imo, the impact is minimal. MSM conflated the selloff in EM's as precipitating the DM selloff. I think that's erroneous. Tapering is deflationary. Hence asset markets, earnings, and home sales are adjusting downward. My 2 cents.