Recently, this conversation between CreditBusters (formerly of Ghostbusters fame) and Ben Benanke was leaked to My Wealth Builder:Dr. Peter Venkman: The credit markets are headed for a disaster of biblical proportions.
Dr. Ben Bernanke: What do you mean, "biblical"?
Dr Ray Stantz: What he means is Old Testament, Mr. Fed Chair, real wrath-of-God type stuff.
Dr. Peter Venkman: Exactly.
Dr Ray Stantz: Fire and brimstone coming down from the skies. Rivers and seas boiling.
Dr. Egon Spengler: Forty years of darkness. Earthquakes, volcanoes...
Winston Zeddemore: The dead rising from the grave.
Dr. Peter Venkman: Human sacrifice, dogs and cats living together - mass hysteria.
Dr. Ben Bernanke: Is that all? I thought you meant it was going to be really bad.
If Dr. Bernanke wrings out the excessive speculation and avoids a recession, he will be a hero. So far his plan seems to be working, but he is walking a very fine line. For now, I am continuing to hold on to my stock purchases and plan to ride out the volatility.
Disclaimer: The conversation described above is fictional and any resemblance to actual people or events is purely coincidental :-)
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Photo Credit: morgueFile.com, Clara Natoli
This is not financial or policy advice. Please consult a professional advisor.
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