zerohedge.com / By Tyler Durden / January 29, 2013
In a shocking development, one which comes out of central planning left field, after eight years in his role as safe-guarder of the Shekel, the head of the Bank of Israel Stanley Fischer – Ben Bernanke’s personal mentor, and famous underwater investor in AAPL – has announced his intention to step down. This resignation comes 10 months (and $100 less in AAPL) after the central bank’s announcement to begin buying foreign stocks. Is this a harbinger of the change in the old brigade, and does it make Bernanke’s departure one year from today virtually assured - we hope to find out, unless, of course, the most aggressive and ambitious central banking experiment in history to keep the global house of cards afloat fails in the meantime.
Via The Bank of Israel,
The Governor of the Bank of Israel, Stanley Fischer, today informed the Prime Minister, Mr. Benjamin Netanyahu, of his intention to step down on June 30, 2013, after more than eight years as Governor.