Now, this is no “scientific survey” (according to CNBC), but the results are really staggering. This is a vote of no confidence from fairly informed market watchers. I won’t rehash all of my 2009 arguments when I said Dr. Bernanke had no business being Fed Chief in the first place (or being reappointed), but I certainly still stand by those comments. I think President Obama made a huge error in judgment when reappointing this man. And if we actually lived in a world by the people and for the people the most powerful non-elected person in the world would be out of a job (and not by a slim margin).
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.