Y el sol volvi� a brillar para Ben Bernanke
2009-09-23 23:50:00 Bueno hoy� el todopoderoso presidente de la FED, Ben Bernanke nos ha anunciado, que vistos los brotes verdes, podemos afirmar que el sol vuelve por fin a brillar y que no s�lo lo peor de la recesi�n ya ha pasado, sino que ya empezamos a crecer. En fin, no vamos a aguar la fiesta, pero ...
By: Gurusblog
Jupiter/Neptune, Bernanke, and the Alt-A resets: 2009 - 2013
2009-09-21 18:47:00 Update 9.21.09 6:10 pm edt: found an article which relates to my earlier entry below:The Economy Is A Lie, Too By Paul Craig RobertsAmericans cannot get any truth out of their government about anything, the economy included. Americans are being driven into the ground economically,with one million school children now homeless, while Federal Reserve chairman Ben Bernanke announces the recession is over. My original post begins here:Economic Duplicity: Recession and Record Profits notes an interview on CBS' 60 Minutes broadcast on December 14, 2008, with investment fund manager, Whitney Tilson, which I viewed myself, and you may have seen it, too. In the interview, Mr. Tilson predicted that the 2007/08 subprime collapse was the halfway mark of the real estate bubble. This is the sort of collapse you get when Jupiter's expansion and money connections combine with watery Neptune's merging and deceptive tendencies for a Great Conjunction of bubble-esque proportions. For when financial ...
Crack of Doom: Bernanke’s Secret Weapon — Canada
2009-09-14 14:30:00 1:36:22 I think the idea was to facilitate industry consolidation. … Charlie’s not here, but an interesting factoid is, Chairman Bernanke’s 2nd most cited paper on the Great Depression is actually one that compares the business cycle in the United States and Canada in the 1930s. And the contraction activity was much more gradual [in Canada]. The reason? Canada didn’t have bank failures, because Canada had a consolidated banking system. - AEI1 Resident Fellow Vincent Reinhart, Oct 2, 2008 So this is a bit of shameless self-promotion for Doom’s new transcript of 2 hours worth of battle chatter at the American Enterprise Institute a couple of weeks after Lehman’s collapse a year ago tomorrow. Meanwhile the Mothership is patting itself on the back because Canada hasn’t lost any banks so far this time either, … … but of course that had everything to do with the C$32 billion subsidy the banks got when retail and institutional inves...
By: HousingDoom
Astrology of Bernanke renomination 8.25.09
2009-08-26 00:16:00 Here is the text of President Obama's in-the-bag renomination of Ben Bernanke to remain at the helm of NY's Federal Reserve Bank. Taking a break from vacationing with the family unit, the president began speaking at 8:55 am edt (Oak Bluffs, Massachusetts); he and Mr. Bernanke completed their mission at 9:01 am edt.Wish I had time to post the start/end charts of today's announcement, but I don't.The charts have a few critical 29th degree planets, plus North Node 29Cap45, with South Node at the degree of the July 21/22, 2009 Solar Eclipse which I've mentioned many times before (29Can27 'systems fail; new methods are needed', etc etc.) Wonder what's really going on?Mercury 29Vir44 has just arisen (8:55 am edt: ASC 5Lib36 with Sun/Moon midpoint upon it - 'friendship'); chart-ruler Venus 28Can39 is *oriental and nearing a 29th degr and conjunct SN and the July Eclipse degree along with transiting Hygeia, Apollo, and Vesta.Out-of-bounds Mars 29Gem53 is within range of opposing P...
Propaganda of a Rising Star: Ben Bernanke
2009-08-22 19:34:00 The Atlanta Journal and Constitution reports that Fed head Ben Bernanke is a "rising star" who, after a "slow start", is managing the financial crisis quite well, thanks.Perhaps he is, but knowing that Mr. Bernanke's Fed term is up in January 2010, my suspicious nature is more likely to see the current glowing reports on Mr. Bernanke's performance as propaganda meant to justify the fact that there's little chance President Obama will be replacing Bernanke in January. And the Wall Street culture continues to rule plutocratic America as numbers reports are fudged and are strategically released to create a 'special effect' - a mirage - of financial improvement. All in all, I'd have to say that the jury is still out on Mr. Bernanke's performance - at least it is on Main Street USA.Here's a round-up of stuff I've previously blurbed about Ben Bernanke including his Pre-Natal Eclipse details - his PE manifested its 18.6-year cycle on September 11, 2007 (perhaps you remember that ...
chang wrote a new blog post: Dollar holds steady after Bernanke
2009-07-22 12:28:00 chang wrote a new blog post: Dollar holds steady after Bernanke LONDON (Reuters) - The dollar held steady against most major currencies on Wednesday, recouping losses from earlier in the session after Federal Reserve Chairman Ben Bernanke said U.S. interest rates would stay low for some time. U.S. Treasury yields plummeted after Bernanke’s remarks, weighing on the dollar. But falls were tempered as expectations for ample liquidity ...
Fed ready to slash rates amid deepening recession
2008-12-16 17:33:00 Fed ready to slash rates amid deepening recession WASHINGTON (AP) - With the recession dragging down consumer prices and home construction, the Federal Reserve is prepared to slash a key interest rate - perhaps to an all-time low - in a desperate bid to stem the country’s economic slide. Consumer prices fell by a record amount ...
By: TexasFred's
Bernanke?s Stimulus Support Sends U.S. Stocks Soaring
2008-10-21 17:34:00 U.S. markets soared yesterday (Monday) after U.S. Federal Reserve Chairman Ben S. Bernanke endorsed another domestic stimulus package, sending the Dow Jones Industrial Average to its first close above 9,000 in four consecutive trading sessions. At the close in New York,…
By: Jutia Group
They'll help you even when Bernanke and Paulson won't.
2008-10-21 13:45:00 With the hard times continuing for everyone EXCEPT the investment banks, it's more important than ever to deal with your credit card debt. Credit cards companies are tightening up credit, and that doesn't just mean that they're going to not issue new cards; it means they're taking a harder look at the accounts they do have and trying to wring money out of them: more late fees, increasing interest rates, debt collectors and lawsuits over defaulted cards are the tools they'll be employing.You can avoid some of that if you act now and act responsibly. American credit counseling runs DebtGuru.com -- a website that will give you information and a free quote on how their debt consolidation program can work for you, and then will let you sign up right there.This nonprofit company, which is bonded, will get all the information they need to determine what your debts are and how they can help; a debt counselor then reviews the information and begins to negotiate with credit card compa...
Paulson, Bernanke,.Bair, Et al, Take Actions to Stabilize Financial Markets
2008-10-14 21:12:00 The President's Working Group on Financial Markets made a statement today on a series of comprehensive actions to strengthen public confidence in our financial institutions and restore functioning of our credit markets.President's Working Group Announcement on Market Stability Initiative: Treasury Secretary Henry M. Paulson, Jr., Federal Reserve Chairman Ben Bernanke, FDIC Chairman Sheila C. Bair, SEC Chairman Christopher Cox, CFTC Chairman Walter Lukken, OCC Comptroller John Dugan, OTS Director John M. Reich.View in Real Player Format or you may View in Windows MediaFor the hearing impaired, view with captioning: View in Real Player format or you may View in Windows MediaStatement by Secretary Henry M. Paulson, Jr. on Actions to Protect the U.S. EconomyWashington, DC-- Treasury today issued the following statement by Secretary Henry M. Paulson, Jr. on actions to protect the economy and restore confidence and stability to our financial markets:America is a strong nation. We are a...
Paulson, Bernanke,.Bair, Et al, Take Actions to Stabilize Financial Markets
2008-10-14 21:10:00 The President's Working Group on Financial Markets made a statement today on a series of comprehensive actions to strengthen public confidence in our financial institutions and restore functioning of our credit markets.President's Working Group Announcement on Market Stability Initiative: Treasury Secretary Henry M. Paulson, Jr., Federal Reserve Chairman Ben Bernanke, FDIC Chairman Sheila C. Bair, SEC Chairman Christopher Cox, CFTC Chairman Walter Lukken, OCC Comptroller John Dugan, OTS Director John M. Reich.View in Real Player Format or you may View in Windows MediaFor the hearing impaired, view with captioning: View in Real Player format or you may View in Windows MediaStatement by Secretary Henry M. Paulson, Jr. on Actions to Protect the U.S. EconomyWashington, DC-- Treasury today issued the following statement by Secretary Henry M. Paulson, Jr. on actions to protect the economy and restore confidence and stability to our financial markets:America is a strong nation. We are a...
Things are bad, so let?s have a laugh?Fuld, Cox, Paulson, Bernanke, and Iva
2008-09-23 03:03:00 I was thinking about something that former Lehman Brothers CEO, Richard Fuld said at the Lehman Brothers annual meeting in April. He was still confident that he could sail his sinking boat back to the harbor. “I will hurt the shorts, and that is my goal,” said Fuld. After hearing that, the only thing that ...
Bernanke urged to implement new changes
2008-07-11 17:00:00 Federal Reserve Chairman Ben Bernanke was urged by the US Treasury Secretary to overhaul the regulatory structure of the financial markets.
Ben Bernanke and the Fed deviously stopped publishing M3 (money supply) on
2008-06-08 09:58:00 HousingPANIC made a stink about this when it happened back in March 2006. But barely a news story was written, and not a peep from Congress was heard.I think it's pretty obvious to most now that your government lies to you. Your government, burdened by a $53 trillion IOU, is in a position where it has to deceive you. And if you believe the government's inflation data, or social benefit promises, you are a fool.But I think it's getting tougher and tougher to hide the truth. Now it's out there for everyone to see.You can see it at the grocery store. You can see it at the gas station. You can see it with the sea of "foreclosure" and "for sale" signs up and down your street. You can fool some of the people some of the time... And thanks to shadowstats for showing everyone the ugly truth, even if we're no longer supposed to see it...
By: Housing PANIC
Forex Market Bell Rung by Ben Bernanke
2008-06-08 00:00:00 The Chairman of the US Federal Reserve Bank, Ben Bernanke, rings the forex market bell at a speech he made yesterday at an economic conference in Barcelona Spain. Helicopter Ben said the following: “In collaboration with our colleagues at the Treasury, we continue to carefully monitor developments in foreign exchange markets. The challenges that our ...
GLOBAL MARKETS-Dollar firm after Bernanke; world stocks down - guardian.co.
2008-06-05 14:35:00 GLOBAL MARKETS-Dollar firm after Bernanke; world stocks downguardian.co.uk, UK&nbs-p;- 14 hours agoThe FTSEurofirst 300 index was steady on the day while the MSCI main world equity index was down 0.3 percent, dragged lower by falls in Asia. ...
Bernanke?s Worried, Death of the SUV, Small Cap Comeback, Closer to the ?Si
2008-06-04 20:26:00 by Addison Wiggin & Ian Mathias Bernanke concerned over ?unwelcome? change? who?s really to blame, and how it moved markets How GM may have just signaled the death of the SUV Small caps are creeping back to life? Gunner on why the time to invest is now George Soros on the ...
Bernanke Says He's Done Cutting Rates
2008-06-04 03:38:00 Bernanke indicated that he is done cutting interest rates for the time being and is now watching the dollar for inflationary concerns. The dollar has declined nearly 16 percent against the euro over the past year. The Fed is now putting its foot down and officially stating that they are no longer going to let the dollar fall further in value against the euro.
What Bernanke Sees in an Economic Snapshot May Well Be the Truth
2008-05-22 15:46:00 Ouch. Wednesday took a bite out of stocks. Or, should I say Bernanke took a bite? His grim expectation of rising unemployment, continued inflation, and the Fed’s unwillingness to do any more than they already have didn’t exactly give the market a warm, fuzzy feeling. As far as�the impact�Bernanke’s words had on me, I was neither ...
Here's Paul Volcker, a giant of a man compared to Ben Bernanke, on the hous
2008-05-20 07:58:00 The damage that Bernanke has inflicted upon the United States won't be seen until a few years down the road. Similar to Greenspan, who was treated as a god when he retired, only to be seen as a corrupt and incompetent goat now.Volcker did what had to be done when it had to be done, and it was hard (but necessary). Bernanke on the other hand did what was easy. And you'll see down the line what that causes.
By: Housing PANIC
Bernanke Defends Fed?s Liquidity Measures
2008-05-13 19:29:00 The U.S. Federal Reserve will make sure the global financial markets have sufficient liquidity to operate effectively and will increase the size of its government bond auctions if additional capital is needed, central bank Chairman Ben S. Bernanke said today (Tuesday). Speaking via satellite at the Atlanta Financial Markets Conference in Sea Island, Georgia, the Fed chairman said he sees some signs of improvement in the financial markets, but noted that “at this stage conditions in financial markets are still far from normal.” In his speech, Bernanke outlined the steps the central bank has taken to help mitigate a credit crunch that…SHARETHIS.addEntry({- title: "Bernanke Defends Fed?s Liquidity Measures", url: "http://jutiagroup.com/2008/05/-13/bernanke-defends-fed%e2%80%9-9s-liquidity-measures/" });
By: Jutia Group
Will Bernanke and Paulson let Countrywide Toxic Mortage fail (after BofA pu
2008-05-08 22:38:00 It's coming.You can just feel it.Countrywide is about to go belly up, Angelo Mozilo is about to be indicted, and BofA is about to make a run for it.No way this deal goes through as announced. No way. So the question is - is Countrywide "too big to fail"?I don't think so. We're not talking trillions in counter-party risk like Bear Stearns. And we're talking about a company that everyone pretty much knows is going belly up anyway.If you have ANY money in Countrywide, GET IT OUT AND GET IT OUT NOW. Stick a fork in it. This orange pig is toast.Beware Collapse of Bank of America-Countywide Deal
By: Housing PANIC
[Dumbass] Federal Reserve Chairman Ben Bernanke, speaking in dire tones wit
2008-05-06 14:46:00 USA Today
Bernanke keeps pushing for a housing bailout
2008-05-06 12:24:00 This is what Bernanke said at the Columbia Business School’s 32nd Annual Dinner in New York: Chairman Ben S. Bernanke At the Columbia Business School’s 32nd Annual Dinner, New York, New York May 5, 2008 Mortgage Delinquencies and Foreclosures President Bollinger, Dean Hubbard, Co-Chairman Kravis, and distinguished guests, I am very pleased to be here and especially honored to receive ...
By: National Bubble
Is Bernanke Backing Barney Fife, I mean Frank?
2008-05-06 05:38:00 The Federal Reserve released the transcript of this evening’s speech by Ben Bernanke at the Columbia Business School’s 32nd Annual Dinner, New York. If you look deeply at its content it appears that Big Ben is backing up, or at least leaning towards, House Financial Services Chairman Barney Frank?s approach to bailing out ?underwater? ...
Bernanke?s Economy-Boosting Rate Cuts - A Pointless Effort?
2008-05-05 17:35:00 Normally I’d use my morning market comments to set the tone for the day (and share my thoughts about what the market probably had in store). However, we’ve got a ton of small cap stock news for this evening’s edition, so I’ll save it all for then. Instead, I’ll use this morning to do something ...
Make sure you thank Ben Bernanke when you're at the gas station this weeken
2008-05-01 08:56:00 You know, because bailing out his rich banker buds was sure more important than you and your silly problems.
By: Housing PANIC
Bernanke Lowers Interest Rate, Another Blow To The Dollar
2008-05-01 00:58:00 The Federal Reserve and its Chairman Ben Bernanke announced through a statement on the Federal Reserve's website today that they will cut the key interest rate for America down to 2%. The Fed believes this is a way to combat the recession. As you may know, one of our top articles of this month was Hey Bernanke, Ron Paul's Been Prescribing The Salve For Years, in which we compared Ron Paul's prediction of a recession (as early as back in the year 2000) to Bernanke's moves in the opposite direction of Paul's solutions.
Housing Slump Continues?
2008-04-30 18:08:00 Housing prices continue to fall in 20 major metropolitan areas, according to the S&P/Case-Shiller home-price index released yesterday (Tuesday). The index dropped 12.7% in February from a year ago, a bigger drop than was anticipated and the largest decline since the index?s inception in 2001. The index has had back-to-back monthly declines since January 2007 as ...SHARETHIS.addEntry({ title: "Housing Slump Continues…", url: "http://jutiagroup.com/2008/04/-30/housing-slump-continues/" });
By: Jutia Group
Federal Reserve Chairman, Mr. Bernanke, On US Economy
2008-04-22 04:53:00 Yes, as you’ve noticed, I’ve been away a bit. You guys didn’t get too lonely did ya? I’m OK, I‘ve just been busy, busy, busy...but I’m back now and here’s the scoop: The economy is in bad shape. I hope that bit of top secret info didn’t cause you guys too much shock, they(the Feds, etc.) have pulled the wool over our sweet little sheep eyes again. I remember hearing the Federal Reserve Chairman, Ben Bernanke, say in the latter part of last year that we were not in for a recession, but I knew from the looks of things - jobs, gas, housing - that oh yes, we were in a recession in 2007 and certainly now in 2008 - the Feds always have a way of hiding the truth. It’s called lying, oh my, such a dirty word. You mean the federal government, our fine and distingished statesmen lied to us. Why treat us like this, we sheep haven’t done anything wrong, we’re always good little blind and nieve creatures...Why?...Why?...Why?A-merica might be the “promise land” but we don�...
The Madness of Bernanke
2008-04-16 19:47:00 Full story here. Finally, I see someone callling Bernanke crazy. Of course, it’s not American media, who seem content to act as ditzy cheerleader for every stupid, survival-squelching�policy that belches out the doors of the Fed. Hey, didn’t our president used to be a cheerleader? Explains a lot… “…Alan Greenspan and Ben Bernanke have more in ...
Bermimpi Jadi Bernanke
2008-04-12 18:18:00 The Following Takes Place Between 9 p.m to 10 p.mWaktu baru saja menunjukan jam 9 malam saat hp saya berdering. Ternyata dari salah satu media yang hendak mewawancarai saya tentang kemungkinan rencana the Federal Reserve menurunkan suku buka pada FOMC meeting besok.Namun dengan berat hati saya menolak memberikan komentar karena saya bukan lah Ben Bernanke dan merasa tidak memiliki kompetensi untuk berkomentar. La wong mikirin IHSG aja sudah bingung, ini malah disuruh mikir the Fed. Akan tetapi sang wartawati tidak mau menyerah.?Tolang dah Pa Danny kasih komentar. Kita sudah mau naik cetak tapi saya belum dapat tanggapan dari analis nih. Dulu waktu di Valbury Pa Danny rajin memberikan komentar, kok sekarang jadi pelit sih?Karena merasa tidak enak akhirnya saya memberikan komentar ?Saya rasa hasil the Fed besok ya kalau suku bunga tidak turun ya berarti tetap?Jawaban yang aneh pikir si wartawati. Namun karena sudah terdesak deadline, komentar saya yang tidak berbobot itu naik cetak ju...
U.S. financial model can be fixed, Bernanke says
2008-04-11 03:07:00 April 11, ReutersRICHMOND, Virginia - Overseers of the U.S. and international financial system need to quickly put reforms in place to restore confidence in markets disrupted by a global credit crisis, Federal Reserve Chairman Ben Bernanke said on Thursday.The current market unrest complicates the process of making changes aimed at erecting a firewall against future crises, Bernanke told the World Affairs Council, but swift action could soothe jittery financial markets."We do not have the luxury of waiting for markets to stabilize before we think about the future," he said. "Indeed, many of the necessary changes that have been identified -- including increasing transparency, improving risk management, and attaining better coordination among regulators -- could provide important support to the process of normalizing our financial markets," he said.Bernanke spoke as finance ministers and central bank heads of the Group of Seven rich nations gathered for a Friday meeting in Washington...
Bernanke Pushing Towards Regulation
2008-04-11 02:38:00 Bernanke is pushing for more government involvement in order to strengthen financial markets. He said that regulators should insure that financial institutions hold higher liquidity cushions in order to lower their exposure to market events.
Volcker, Greenspan Tag Team Against Bernanke
2008-04-10 21:10:00 This has little to do with small cap stocks, yet it’s something we all should take note of and perhaps laugh about (since crying does no good at this point). I just want to capture some of the highlights we’ve gotten from our two prior Fed Chairmen - Alan Greenspan and Paul Volcker. Basically, Volcker said ...
Bernanke and His Merry Men Rob Wall Street to Pay off Main Street
2008-04-08 20:47:00 Money Morning Those who were blindsided by the recent financial meltdown are now loudly blaming the “free market” for its failure to police its own excesses, and are calling for greater regulation to prevent future disasters. But for those who clearly observed the problems developing [no doubt in high definition slow motion], the blame ...SHARETHIS.addEntry({ title: "Bernanke and His Merry Men Rob Wall Street to Pay off Main Street", url: "http://jutiagroup.com/archive/-2008/04/08/659/" });
By: Jutia Group
Bernanke and His Merry Men Rob Wall Street to Pay off Main Street
2008-04-08 20:47:00 Money Morning Those who were blindsided by the recent financial meltdown are now loudly blaming the “free market” for its failure to police its own excesses, and are calling for greater regulation to prevent future disasters. But for those who clearly observed the problems developing [no doubt in high definition slow motion], the blame ...SHARETHIS.addEntry({ title: "Bernanke and His Merry Men Rob Wall Street to Pay off Main Street", url: "http://jutiagroup.com/archives-/2008/04/08/bernanke-and-his-me-rry-men-rob-wall-street-to-pay--off-main-street/" });
By: Jutia Group
Good News for Bernanke From Bond Market Is Bad News for Rates
2008-04-07 03:09:00 By Daniel Kruger and Sandra HernandezApril 7, BloombergFor the first time since December, the bond market is closing the credibility gap with Ben S. Bernanke and signaling its agreement with the Federal Reserve chairman that an economic collapse has been averted and that interest rates are bottoming.Treasury yields rose 0.33 percentage point on average through April 4 from this year's low of 2.49 percent on March 17, according to Merrill Lynch & Co. indexes. The increase is the first since December, when the Fed cut its target rate for overnight loans between banks and said lower borrowing costs ``should help promote moderate growth.''The Fed's unprecedented support for JPMorgan Chase & Co.'s takeover of New York-based Bear Stearns Cos. on March 16 is restoring confidence in Bernanke, who told Congress last week that ``monetary and fiscal policies are in train that should support a return to growth.'' Yields tumbled to the lowest levels since 2003 in the first quarter...
Savers - the most screwed class of all, hated by Ben Bernanke
2008-04-05 11:53:00 * Savings accounts, bonds and CD's paying pretty much next to nothing* The US dollar getting more and more worthless by the day* Inflation roaring (and a lot more than the government reports)* No safe alternatesBen Bernanke has pretty much told savers to go f*ck themselves, while rewarding people and businesses who racked up massive debts. I'll still take cash over debt (and steak over ramen) any day, but Bernanke is savers' public enemy #1 for sureThe US already has a negative savings rate, and with no incentive to save, I'm not sure how that will improve any time soon.But you want a solution? Congress needs to make interest earned on savings accounts and CD's 100% tax free. And they need to dramatically raise the limits on what can be saved in a Roth or IRA. Immediately. Now.But of course, they won't do that, as that would be the competent and correct thing to do. And they've got housing gamblers to bail out first. F*ck savers. F*ck under-consumers. This is America - lan...
By: Housing PANIC
Hey Bernanke, Ron Paul's Been Prescribing The Salve For Years
2008-04-04 02:26:00 I opened Google News yesterday, and lo and behold, the front page revealed 1,040 articles about how Federal Reserve Chairman Ben Bernanke has finally admitted the economy may be in a recession, but that recession is a technical term anyhow. It was so ironic, because I'd just been discussing with a colleague Ron Paul's showdowns with Ben Bernanke over the years; how Paul's been doling out solid advice about the cause of the housing bubble and the economic downturn at Joint Economic Committee hearings for over a year now.
Bernanke Backs Decision to Bail Out Bear
2008-04-04 00:47:00 Daily Market Commentary for April 3, 2008 from Millennium-Traders.Com (http://www.millennium-traders.-com) Economic Data released today added a sour tone to the market activity. Trading activity was generally muted today with the major indices cautiously moving into positive territory during the afternoon trading session. Fed Chairman Ben Bernanke testified in front of the Senate Banking Committee today, transcript of his comments can be found lower in this publication. At the hearing today regarding the Bear Stearns bailout were Chairman Bernanke; Timothy Geithner, President New York Federal Reserve; Christopher Cox, Chairman Exchange Commission; Robert Steel, Treasury Undersecretary; Jamie Dimon, representative from JPMorgan Chase and, Alan Schwartz, CEO of Bear Stearns. Part of the comments included that from Timothy Geithner that the assistance to bail out the Bear was risky "but the risks are modest in comparison to the substantial damage to the economy and economic well-being ...
Bernanke Backs Decision to Bail Out Bear
2008-04-04 00:47:00 Daily Market Commentary for April 3, 2008 from Millennium-Traders.Com Economic Data released today added a sour tone to the market activity. Trading activity was generally muted today with the major indices cautiously moving into positive territory during the afternoon trading session. Fed Chairman Ben Bernanke testified in front of the Senate Banking Committee today, transcript of his comments can be found lower in this publication. At the hearing today regarding the Bear Stearns bailout were Chairman Bernanke; Timothy Geithner, President New York Federal Reserve; Christopher Cox, Chairman Exchange Commission; Robert Steel, Treasury Undersecretary; Jamie Dimon, representative from JPMorgan Chase and, Alan Schwartz, CEO of Bear Stearns. Part of the comments included that from Timothy Geithner that the assistance to bail out the Bear was risky "but the risks are modest in comparison to the substantial damage to the economy and economic well-being that potentially would have acc...
Statement of Ben Bernanke Before the Joint Economic Committee (April 2, 200
2008-04-03 23:24:00 Testimony by Chairman Ben S. Bernanke, The Economic Outlook, before the Joint Economic Committee, U.S. Congress. April 2, 2008 Chairman Schumer, Vice Chairman Maloney, Representative Saxton, and other members of the Committee, I am pleased to appear before the Joint Economic Committee. In response to deterioration in the near-term outlook for the economy and intensified strains in financial markets, in recent...
By: Asiaing.com
The Food Crisis, New Energy Tech, Bernanke Speaks, and More!
2008-04-03 22:47:00 Food costs skyrocket across the globe? how the latest surge means more than just higher prices Kevin Kerr on the U.S. agricultural crisis just around the corner Legendary investor says U.S. market has hit a bottom? for now Byron King on the latest DOD energy project? and how you can profit from it Bernanke called to Congress again? our ...
Paul Lectures Bernanke: U.S. Moving Towards Fascism
2008-04-03 17:38:00 anthony @ 16:35 Congressman says we’ve “given up on the Republic, freedom, the marketplace and sound money” Paul Joseph Watson - Thursday, April 3, 2008 The Federal Reserve’s insistence on rewarding its own failures by granting itself new powers was harshly rebuked by Congressman Ron Paul during yesterday’s Joint Economic Committee meeting, as Paul all but accused Ben ...
By: Suzie-Q
Bernanke Warns of Possible Recession
2008-04-03 01:10:00 U.S. stocks dropped for the first time in three days, after Ben Bernanke issued a warning that the nation may be headed towards a recession. This is the first time that he has officially acknowledged that an U.S. recession is possible due to credit crisis, declines in employment, and significantly lower consumer spending.
Bernanke Admits, We Are Recession Bound
2008-04-03 00:07:00 Daily Market Commentary for April 2, 2008 from Millennium-Traders.Com (http://www.millennium-traders.-com) What a difference a day makes. Was the negative tone to the markets today profit taking or was Tuesday's rally just a fluke? Fed Chairman Ben Bernanke testified in front of Congressional Joint Economic Committee today and finally admitted that the economy is headed for a recession. Funny though, there are areas around the country that could have told him they are already in a recession and not merely heading for one. Bernanke said he believes the recession will be a short one. For the sake of Americans already feeling the wake of the recession, we certainly hope so. Crude Oil bolted higher again today thus, adding continued fear at the fuel pump. Considerable pressure remains on the banking industry making it difficult for potential home buyers to take stake as first time home owners. The Fed commented today that, the fall of Bear Stearns could have created a much larger probl...
Bernanke Admits, We Are Recession Bound
2008-04-03 00:07:00 Daily Market Commentary for April 2, 2008 from Millennium-Traders.Com What a difference a day makes. Was the negative tone to the markets today profit taking or was Tuesday's rally just a fluke? Fed Chairman Ben Bernanke testified in front of Congressional Joint Economic Committee today and finally admitted that the economy is headed for a recession. Funny though, there are areas around the country that could have told him they are already in a recession and not merely heading for one. Bernanke said he believes the recession will be a short one. For the sake of Americans already feeling the wake of the recession, we certainly hope so. Crude Oil bolted higher again today thus, adding continued fear at the fuel pump. Considerable pressure remains on the banking industry making it difficult for potential home buyers to take stake as first time home owners. The Fed commented today that, the fall of Bear Stearns could have created a much larger problem in the industry, much larger than...
Bernanke and the Recession
2008-04-02 22:15:00 IF I were still blogging, I would post a brief missive about Ben Bernanke and how he got as close as any Fed chairman would ever get to calling a recession. While he didn't use the "R" word to characterise the present state of the economy, he did note today in his prepared remarks before the Joint Economic Committee that we could see the economy contract during the 1st half of this year.Yes, the Fed chairman who told us during the Spring of '07 that housing prices would continue rise for the foreseeable future; yes, the Ben Shalom Bernanke who told us last summer that subprime would be contained; yes, our Gentle Ben who told us earlier this year that the economy would slow but would continue to grow in '08 - conceded, with the President conveniently far away in Eastern Europe and the Treasury Secretary even more conveniently out of town for a visit to China - that we could be in for more than just sluggish growth.Gross Domestic Product contraction in the 1st half would be the fu...
Ron Paul with Bernanke at Joint Economic Committee
2008-04-02 22:07:00 Liberty Central- Conservatism's Blog of Choice |
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