Tag Archives: federal reserve
Get Ready for a Massive Stock Market Selloff
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
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
Faux Capitalism and the Great Middle Class Debt Anchor
Economies, like ocean tides, rise and fall. So, too, they fall and rise. Sometimes a rising tide floats up all boats…even those captained by freeloaders. Other times a falling tide pulls down vessels crewed by even the most industrious deckhands. … 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
