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No Hints From Bernanke of New Stimulus – NYTimes.com

WASHINGTON — The Federal Reserve chairman, Ben S. Bernanke, said Thursday that the Fed remained relatively optimistic about the health of the domestic economy, and he gave no indication that the Fed is planning new measures to bolster growth.

The pace of growth remains lackluster at best, and Mr. Bernanke said widespread pessimism continued to restrain spending, amid worries about the stability of the European financial system and the chaotic state of domestic fiscal policy.

But his overall assessment was little changed from his last public remarks on the state of the economy more than a month ago. “Economic growth appears poised to continue at a moderate pace of over coming quarters, supported in part by accommodative monetary policy,” he said in prepared remarks for the Congressional Joint Economic Committee.

via No Hints From Bernanke of New Stimulus – NYTimes.com.

Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also publish LiquidityTrader.com, and was lead analyst for Sure Money Investor, of blessed memory. I developed David Stockman's Contra Corner for Mr. Stockman. I’ve had a wide variety of finance related jobs since 1972, including a stint on Wall Street in both sales, analytical, and trading capacities. Prior to starting the Wall Street Examiner I was a commercial real estate appraiser in Florida for 15 years. I was considered an expert in the analysis of failed properties that ended up in the hands of bank REO divisions, the FDIC, and the RTC. Remember those guys? I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. I'm not some Ivory Tower academic, Wall Street guy. My perspective comes from having my boots on the ground and in the trenches, as a real estate broker, mortgage broker, trader, account rep, and analyst. I've watched most of the games these Wall Street wiseguys play from right up close. I know the drill from my 55 years of paying attention. And I'm happy to share that experience with you, right here. 

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