Because helicopter Ben Bernanke is printing money, fueling a stock market bubble.
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Rather, Helicopter Ben will make his last stand managing inflationary expectations.
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As the economy teetered at the edge of the abyss Helicopter Ben flew into action, flooding the planet with liquidity determined to smother any hint of demon deflation under mountains of fresh greenbacks.
Last week the Paul Volcker, a few current members Federal Reserve, and most of our trading partners at the G20 meeting warned Helicopter Ben that QE2 was too risky for both the U.S. and global economies.
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Few believe in their heart of hearts that Helicopter Ben is really a bad guy (well, apart from Ron Paul, Jim Bunning and a few card-carrying members of the Austrian School of Economics), in fact most (myself included) believe that Chairman Ben has performed heroically in the months since the subprime crisis threatened to topple Western Civilization.
This seems to confuse the bejesus out of "Helicopter" Ben Bernanke, who worries more about deflation than inflation.
But there's more to getting an economy going than throwing dollar bills out of Ben S. Bernanke's helicopter.
Lt Comm Martin Lanni, Lt Michael Paulet, and Flt Lt Lee Turner all received the Air Force Cross for their role in the helicopter rescue of a group of climbers from Ben Nevis in May 2007.
Besides, as long as uncle Ben is at the helm of the Fed, traders and investors can count on the helicopter dropping money on Wall Street to finance the usual carry trades.
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Statements were read out from Karen and Mark Porcelli, the parents of Ben, who said they did not give Mr McRae permission to take their son in the helicopter.
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