Bernanke, Person of the Year for Time magazine

The fact that Krugman, the Keynesian Clown, got the Nobel prize of Economics, that Obama who is pursuing the same foreign policies (i.e. war with everybody they can come up with a good excuse) got the Nobel peace prize, should have already lead you to understand that these prizes are meaningless at least, utterly disturbing at most.

So today, Bernanke was named Person of the Year 2009 by Time Magazine.

Interestingly, someone like Krugman who worships Bernanke gets the fact this is bad news:

Bernanke and the cover curse

So Time magazine has named Ben Bernanke Person of the Year. Be afraid, be very afraid.

The magazine cover curse is a well-known phenomenon: you should always short the stock of a company whose CEO is the subject of a glowing cover story in a major magazine.

Plus there’s the specific Time effect. Let’s not forget the 1985 joint portrait of Madonna and Cyndi Lauper, which concluded that Ms. Lauper was the one who’d remain a star.

And above all, let’s not forget this:

Here is Ron Paul's reaction on Morning Joe (via YouTube):

Mish also has his say: Kiss of Death for Bernanke.
Finally, ZeroHedge has also a nice post, where you can see that people like Hitler or Stalin were also named people of the year by Time Magazine.