Posts Tagged ‘Ben Bernanke’
The ORB-Bubble
Read the Monday Afternoon Wrap-Up for 5/20/2013 and the Tuesday Morning Commentary for 5/21/2013 This weekend, I watched the Preakness Stakes horse race; as always, at Pimlico Racetrack in Baltimore. I have never been a horse aficionado; but like most Americans, the excitement of the “Triple Crown” possesses me each Spring. In today’s [...]
Bennie’s Worst Nightmare
Read the Tuesday Afternoon Wrap-Up for 5/7/2013 and the Wednesday Morning Commentary for 5/8/2013 In February 2006, Benjamin Bernanke took office as the U.S. Federal Reserve Chairman. A long-time disciple of the MONEY PRINTING KING - Alan Greenspan - he convinced himself the Great Depression could have been avoided with easier monetary [...]
The Illusion Is Slowly Shattering
The economy is horrible and getting more horrible by the day. The Fed said they’ll keep buying $85 billion in bonds per month unless they need to buy more or if they need to buy less. The odds are that they’ll be buying more not less. Bernanke keeps spewing Fed gobbledygook and no one seems to notice. However, the break between the paper and [...]
Maybe Means No
Read the Wednesday Afternoon Wrap-Up for 4/10/2013 and the Thursday Morning Commentary for 4/11/2013 It’s seldom I can incorporate my mother into RANTS. However, when considering last month’s FOMC meeting – wherein, they “pondered” ending QE, but ultimately voted 11-1 to stay the course – the first thing that came to mind was an [...]
The Fed’s “Exit Strategy” and Monkey Money
Ben Bernanke testified last week about the Fed's "exit strategy." As I've written before, there is none, there can't be one and there never will be one. Every time in the past when the Fed let up on the accelerator (even just a little) the markets (and economy) would begin a hissy fit. Now, the Fed is even funding the European banking [...]
Delusions of a Fed Chairman
Read the Monday Afternoon Wrap-Up for 2/4/2013 and the Tuesday Morning Commentary for 2/5/2013 While giving his semi-annual “Humphrey-Hawkins” economic testimony to the Senate on February 26th, “Helicopter Ben” Bernanke made the most OUTRAGEOUS statement of his seven-year FAILED experiment as Federal Reserve Chairman. It’s [...]
Helicopter Ben Says QE3 Is Great For The World Economy
Bill Holter speaks with Kerry Lutz of the Financial Survival network about the Bernank’s strange comment that QE3 isn’t bad for the world’s economies. Next he’ll want you to believe that Castor Oil tastes good going down and that the government is really here to help us! Where do these people come up with these claims. Bill wrote a piece [...]
Bernanke: Fed pumping ‘good for global economy’…
The title of this piece is a direct copy from Drudgereport and can be read here at the Financial Times here: Fed chief rounds on stimulus critics "Good" for the global economy huh? Is it also good for the Dollar "reserves" that these countries were CONNED into accumulating? Can Bernanke really believe his own bull$#%@? Or is he lying [...]
It Ain’t Gonna Happen!
READ THE FULL NEWSLETTER Gold UP 1.9%! Now that is a strong endorsement of just how suppressed the price of gold has been. It smashed through the 1% rule and even the 2% rule. This is a very rare event. Investing is a dirty word. Those of you who think Bernanke Won’t pull the trigger on QE 3 and QE to infinity have your head [...]
Where is QE3?
READ THE FULL NEWSLETTER I must admit that I am somewhat surprised that the Fed has not come to the rescue of the economy and President Obama with another round of QE(3). What are they waiting for? If, as Sinclair says, they will come up with as much money as needed to bail out the states and the banks, then why hold back now? One of the [...]
