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