Has Ben Bernanke Been Working to Ensure President Obama Re-election?

Following the closure of the QE 2.0, the US Federal Reserve’s monetary aggregate M2 has ironically been reaccelerating

Part of this may be due to actions undertaken by team Bernanke to erect a firewall to protect the US banking system that has been vulnerable to a contagion from the Euro crisis.

And perhaps another very important interpretation could be to insidiously promote the probability of President Obama’s re-election.

Chart from Bespoke (green superimposed arrows mine)

An ascendant S&P 500 has so far coincided with President Obama’s improving re-election odds. That’s because a rising S&P 500 has been projecting an ‘economic recovery’, albeit a manipulated one, viz., flooding the system with enormous liquidity to engineer an artificial boom that eventually leads to a bust.

Whatever the underlying reason/s, we are seeing the business (boom-bust) cycle in progress.