Bernanke's Bracket Breakdown: Las Vegas, Nevada
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Without question INFLATION entered the tournament not just as the number one seed in the Las Vegas regional, but as the tourney favorite overall. With Wheat, Corn, Soybeans, Sugar and Oil averaging double figures, INFLATION presents a well-balanced attack that is very difficult to defend. Although number two seed SLOW GROWTH exited early courtesy of second round spoiler FED FUNDS RATE, the real surprise in this region was the upset of number three seed FANNIE MAE by NATIONALIZATION. What many may have forgotten is that NATIONALIZATION actually wrote the FANNIE MAE playbook and used that bit of inside knowledge to spoil FANNIE MAE's game plan.
The regional final between INFLATION and NATIONALIZATION was a bit closer than expected, but INFLATION was able to avoid the upset by keeping NATIONALIZATION off the boards.
Check back tomorrow for the Stockton, California regional and click here for the Detroit, Michigan one.
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Now THAT's what the internet is for.
Thank you. May I print it on business cards with a link to Minyanville?
I think you are missing a stage in the tourney, though: the one where the stadium collapses.
Make no mistake: this tourney doesn't favor streaky outside shooting. It will keep some these teams close, but in the end, the big men will have to assert themselves in the paint or go home.
I agree that as a matter of sound economic policy/long run economic growth, interest rate increases should have started awhile ago, but be not afraid because Ben Bernanke's inflation "Good Times" afro phase is about to change. It's only a matter of time, and a relatively short time that Bernanke will go blonde and start to raise rates.
Symbolic Anthropology makes Fed watching easy.
