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JUN 22, 2013 - Forbes

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Is That The Sound Of Asset Bubbles Bursting?

Ben Bernanke's recent press conference and China's interbank market crash may appear to have little in common but the truth is rather different. For both the U.S. and China are trying to deflate asset bubbles caused by excessive money printing and interest rates being kept too low for too long. And politics is largely behind the timing of their decisions to clamp down on these bubbles. Bernanke is desperate to avoid the mistakes of his disgraced predecessor, Alan Greenspan, whose loose money policies blew up soon after he departed ... Read More

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