Zimbabwe Ben Is Going To Pull Out Way Before The Fed Even Considers It



Don't let the door hit you on the way out, bro!

Via Dealbook:
Ben Bernanke, the Federal Reserve chairman, is likely to need a successor, too. If Mitt Romney wins the presidency, he has already pledged he will replace Mr. Bernanke, whose term as chairman ends in January 2014, in just over 15 months. However, Mr. Bernanke has told close friends that even if Mr. Obama wins, he probably will not stand for re-election.
Note the perfect timing: the FOMC has consistently pushed off their vague "pull out" date over the years, most recently arriving at this "at least through mid-2015" figure that basically says to me "when Satan ice skates to work" because we all know they can't get out. But Bernanke can!

Really I don't blame the guy. It's a crappy job. He gets all the blame and really had no idea what he was getting into when he took the job before the shit hit the fan.

Hopefully he will find a nice community college to teach at where he can best utilize his skills by explaining how textbook economic systems work to adult learners in night classes.