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2012-05-04

A Jelly Donut is a yummy mid-afternoon energy boost

Federal Reserve Chairman Ben Bernanke appears to have a penchant for “jelly donut” monetary policy, according to noted hedge fund manager David Einhorn.
“A Jelly Donut is a yummy mid-afternoon energy boost.  Two Jelly Donuts are an indulgent breakfast.  Three Jelly Donuts may induce a tummy ache.  Six Jelly Donuts — that’s an eating disorder.  Twelve Jelly Donuts is fraternity pledge hazing,” Einhorn wrote in an article for the Huffington Post.
“My point is that you can have too much of a good thing and overdoses are destructive,” Einhorn continued.  “Chairman Bernanke is presently force-feeding us what seems like the 36th Jelly Donut of easy money and wondering why it isn’t giving us energy or making us feel better.”
Einhorn, president and co-founder of Greenlight Capital, went on to take Bernanke to task for his misguided and reckless economic theories that have helped prevent the U.S. economy from achieving a sustainable recovery.

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