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Axel Merk (@AxelMerk) of Merk Investments made this point on Twitter “Why are there blogs, when there’s Twitter? 140 characters plenty to summarize Bernanke.”

I agree but couldn’t resist banging out a blog post anyway. I tweeted a few times my summary of Bernanke’s testimony this way:

@AxelMerk @WSJ Ben saying it all “depends” “IF” the economy improves as forecast-it won’t without QE so #nofedexit http://smaulgld.com/tag/fed-exit-strategy/

Fed moderates the pace of QE later this year, and end it around midyear 2014, IF economy evolves as forecast. It won’t so #nofedexit

@joebrusuelas Yep IF, IF IF All based on moving targets and slightly rosy forecasts that if not met, QE continues http://smaulgld.com/tag/fed-exit-strategy/

Taper? Fed says it may have to Let it Out by a few billion instead if things don’t improve as forecast #nofedexit http://smaulgld.com/tag/fed-exit-strategy/

How would you summarize Bernanke’s testimony? Tweet to @smaulgld

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