Bernanke “puzzled” by collapse of bond-bubble

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While the corporate propaganda-machine (i.e. the “free press”) provides little in the way of “news” any more, it has made up for this deficiency (somewhat) by becoming a regular source of comedyThe script-writers at Reuters penned their own hilarious farce on May 31st, titled “Federal Reserve Puzzled by Yield Curve Steepening”. In this latest effort at corporate, “slap-stick” humor, we find the Federal Reserve and its witless chairman claiming to be mystified by the rapid deflation of the U.S. Treasuries “bubble”. As all the “experts” exclaimed, immediately after the bursting of the U.S. housing bubble, “who knew that a bubble could burst?” (see “Greenspan: spotting a bubble is easy”)

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