by Mish

On February 15, 1999, the cover story of Time Magazine was the Committee to Save the World.

The alleged saviors were Fed Chairman Alan Greenspan, Treasury Secretary Robert Rubin and Deputy Treasury Secretary Larry Summers.

Time Magazine says “The three men have forged a unique partnership to prevent the turmoil from engulfing the globe.”

In 2007, a global crisis struck and the world had to be saved again. This time by superhero Ben Bernanke.

The Hero

Image placeholder title

RECOMMENDED ARTICLES

In its April 2012 edition, The Atlantic says Ben Bernanke is “THE HERO”.

“Ben Bernake saved the global economy. So why does everyone hate him?” asks The Atlantic.

That two world-saving events in just 18 years, quite amazing.

Question Abound

  1. Do you feel saved?
  2. Do we need another savior?
  3. Is another savior on deck?
  4. Can we stand another savior?

Bonus Questions

  1. Did Bernanke save the world or did he save the banks, the bondholders, and the top 1%? Is there a difference?
  2. Was that a permanent save of the banks or is another save coming?

Mike “Mish” Shedlock

Paul Krugman: “Deficits Saved The World”

Dateline August 27, 2009 Paul Krugman: “Deficits Saved The World” Inquiring minds are reading Till Debt Does Its Part

Can Macron Save the World? Save France?

The markets appear giddy today over the election prospects of Emanuel Macron in France. Equities are up along with bond yields. Gold is down. The day is still young though.

Trump Chickens Out, Delays Trade War Tariffs to Save Holiday Season

In order to save the holiday season, Trump delayed imposition of his recently-announced trade war escalation.

Productivity Myths Shattered: Is Productivity Rising or Falling? Why?

The debate over productivity rages on. Some believe productivity is understated. Others believe it is overstated.

For All the World to See: Police Brutality Videos and Images in Catalonia

Hello prime minister Mariano Rajoy. This is what the world sees of you.

Merkel Seeks 4th Term to Save Liberal World; To Hell With Principles

German chancellor Angela Merkel announced today she would Seek Fourth Term as Germany’s Leader.

Merkel’s Failure Now Obvious to Entire World

Amazingly Accurate Graffiti. The outright failure of German chancellor Angela Merkel’s refugee policy is now obvious to the entire world. Last week Austria and Nine Balkan Countries Effectively Told Merkel Go to Hell.

World Trade Plunges13.8% in US Dollar Terms

The value of goods crossing international borders plunged 13.8% in 2015 according to the Netherlands Bureau of Economic Policy Analysis’s World Trade Monitor.

Kavanaugh's Detailed 1982 Calendar: Still More Evidence He Is Innocent

Every day, evidence mounts that Ford's story is blatantly false. Perhaps she believes it, but that doesn't make it true.