Romer, who until a year ago was a failed architect of “President” Obummer’s failed economic policies, today wrote a hysterical piece in the New York Times which seeks to conflate image with reality.  In it she states the following:
Mr. Bernanke needs to steal a page from the Volcker playbook. To forcefully tackle the unemployment [...]

Now that our crony-state-capitalist society has devolved to the point where the only people who suffer the ill consequences of bad decisions are the poor saps who are either too stupid or too impoverished to have bought protection from the perma-political class, one wonders when or whether there will be a backlash at some point [...]

Lots of talk lately about whether we are replaying 2008 in the real economy and in a host of markets.  The unfolding chart of the Real is starting to look very similar to 2008.  Will commodities collapse again and the dollar rally hard?  Hard to believe that things will replay but we are staring at [...]