Writes Kane (Glenn Jacobs):
Bernanke's speech at Jackson Hole—I haven't read it yet, but let me guess:
The Fed is great and saved the world when the SHTF in '07–08. Things were really screwed up, but we did the best we could and without us you'd all be trying to rediscover fire and the wheel. Despite the fact that we claim to know the future and everything else, things are uncertain and this recovery remains a baffling mystery. Therefore, we stand ready to screw things up even more, ahhh....., I mean we stand ready to take whatever action is necessary to once again save the world. Trust us.