In light of Friday’s Futures Fireworks and Moral Hazards Bernanke better have a spare helicopter ready just in case he burns out the motor in his current one too quickly. I have located one for him already.
In a hedge fund blowup liquidation sale John Devaney who previously put his boat “Positive Carry” up for sale is now seeking to dump his helicopter for $11 million.
The reason cited for the sale was “changing corporate travel requirements“.
And just as Devaney’s need is diminishing, it is increasingly clear that Helicopter Ben needs some emergency backup. It’s funny how the market works that way.
Mike Shedlock / Mish/