Old Fed head Ben Bernanke speaking in Taipei
Uncle Ben is on his travels and he's over in Taiwan
He's doesn't see any bubbles right now and says that the financial system is safer than before the crisis. Also;
- He's more optimistic that Japanese QE will work
- Says' FX weakness is a side effect of US, EU and Japanese easing
- An inconsistent global monetary system is a problem
Most people's argument over the crisis was the fact that the Fed either didn't see the bubble before the crisis or if they did, didn't do anything about it. It's hard to believe him now when talking about not seeing any other ones
