Bernanke "Wealth Effect" Completely Wasted On Trillions In Pension Funds

The last few years have been dominated by one theme and every trade has been a derivative bet on that theme. The idea that by inflating another asset bubble, a wealth effect will ripple through the market to the real economy, encourage animal spirits and spark a renaissance (in something, we are not…

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Bernanke "Wealth Effect" Completely Wasted On Trillions In Pension Funds

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