Powell Channels Bernanke: “Subprime Debt Is Contained”

“Pop quiz, hotshot. There’s a ‘corporate junk bond’ bomb on a bus. Once the economy slides toward 0%, the bomb is armed. If Deutsche Bank goes bust, it blows up. What do you do? What do you do?”

Source: Powell Channels Bernanke: “Subprime Debt Is Contained”

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