Tag Archives: ben bernanke

The Fed’s Hands are Tied, For Now

Posted on August 21, 2012 by MN Gordon

The stock market’s on a six week win streak.  What’s more, from June 4 through last Friday the DOW’s up 9.7-percent.  Can you believe it? We thought the stock market would meltdown this summer like Charlie Sheen following a weekend … Continue reading →

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Disgraceful and Insulting

Posted on August 7, 2012 by MN Gordon

New discoveries were made on the economic front last week.  The Labor Department reported that 163,000 jobs were added in July.  Yet even with the new jobs, the unemployment rate rose to 8.3 percent. “We’ve still got too many folks … Continue reading →

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Collective Destruction

Posted on July 31, 2012 by MN Gordon

Last Tuesday we remarked that Mario Draghi and the European Central Bank were receiving valuable on the job training.  Most notably, that money creation operations are much harder to stop than to start. By Thursday, Draghi confirmed he’s an astute … Continue reading →

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Get Ready for a Massive Stock Market Selloff

Posted on July 20, 2012 by MN Gordon

On Tuesday, Federal Reserve Chairman Ben Bernanke’s made his semiannual monetary policy testimony before the Senate Banking Committee.  Washington and Wall Street wanted QE3.  Bernanke demurred. Following the testimony, Senator Chuck Schumer told Federal Reserve Chairman Ben Bernanke to “get … Continue reading →

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