Abigail with attitude: The consequences of benign Ben’s eruption

By:
Abigail Hofman
Published on:

As September draws to a close, I am starting to wonder if I am living in a parallel universe. Ben Bernanke seems to have gone barmy. And I wouldn’t blame him. Saving the financial world from itself has been a Herculean task.

But baffling Ben sent the markets into a terrible tailspin in May when he talked about the possibility of the Federal Reserve reducing its monthly asset purchases. A great deal of collateral damage was done to emerging market economies and currencies as global investors jerked money away from these higher-risk areas. Then, in mid-September, benign Ben erupted, volcano-like, and said: “Oh, sorry....