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How A 12th Century Mathematician Just Doomed Bernanke's Wealth Effect

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Wed, 26 Sep 12 6:19 AM | 40 view(s)
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Submitted by Tyler Durden on 09/25/2012 - 14:49 Ben Bernanke Fibonacci

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Leonardo Fibonacci (1170-1250) may have just stuck his 'golden-ratio-based' fork in the equity market's rally. As the following chart shows, the diminishing marginal utility of Quantitative Easing's wealth effect has followed a rather remarkable pattern... and today marks the next turning point.

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http://www.zerohedge.com/news/2012-09-25/how-12th-century-mathematician-just-doomed-bernankes-wealth-effect




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