Submitted by Phoenix Capital Research on 07/11/2011 19:41 -0400
* Ben Bernanke
* Lehman
* Lehman Brothers
* Middle East
* Recession
… happened on the week of June 27 2011. If you’re looking for a reason that stocks have been ramped so much higher in the last two weeks. This is it.
Indeed, for the week ended June 27, the Fed flooded the financial system with $76 BILLION in liquidity. Bill King of the King Report puts that number into perspective noting that it’s BIGGEST increase since September 22, 2008 right after Lehman Brothers collapsed.
That’s right, the Fed just juiced the system as much as it did when Lehman Brothers went under. While a shockingly large single money pump, the Fed’s generally been flooding the system with liquidity at a pace equal to that of 2008 since the beginning of the year.
In 2008, the Fed put roughly $1 trillion in liquidity into the system to try and hold things up. So far in 2011, it’s put in nearly $700 billion. You think that the recession ended and systemic risk has gone away? Explain this one.
In simple terms, it’s clear that beneath his attempted calm, Ben Bernanke is
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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