With every passing day, the destructive consequences of Ben Bernanke’s ruinous monetary policy on the broader economy become more and more apparent.
Nowhere is this more evident than the observation of a record high stock market – benefiting just a tiny portion of the population – correlating directly with the record number of Americans on food stamps – the wealth effect “trickle down”, or lack thereof, for everyone else (not to mention an economic growth rate four years after the “end of the recession” that is the worst recovery in recorded history).
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For the the latest “unintended casualty” of Bernanke and his ZIRP policy, we look at corporate pension funds, which as WaPo reports, are finally starting to crack under the weight of pervasive central planning, brought to the brink by none other than the Chairman’s “good intentions.”
