Tag Archives: ben bernanke
Money Games
After much anticipation and hoopla, Fed Chairman Bernanke made his post FOMC meeting utterances on Wednesday. In short: No QE3, for now. More Operation Twist. Markets didn’t know what to make of it. Initially they rose on the announcement. The … Continue reading
The Greatest Fraud of All
“As always, the Federal Reserve remains prepared to take action as needed to protect the U.S. financial system and economy in the event that financial stresses escalate,” said Federal Reserve Chairman Ben Bernanke to Congress last Thursday. The stock market … Continue reading
Stimulus and Spasmodic Economics
Nerves are fried. Hands are shaky. Triggers fingers are happy. “Market’s need stimulus now!” screams the crowd. These days, it doesn’t take much selling to growl up a thunderous roar for help. The DOW’s fallen 1,258 from its May 1 … Continue reading
Why There Are No Jobs
What a week. On Tuesday the DOW finished the day at 13,279, its highest close since December 2007. In terms of the stock market, we’ve crossed the great divide…December 2007, remember, was pre-financial crisis. In fact, it was nearly a … Continue reading
