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…
Tag Archive for Bernanke
Latest Business Headlines
Fed Presidents Clash Over Need to Provide More Stimulus – Bloomberg
by Newswires • • 0 Comments
Federal Reserve regional bank presidents voiced opposing views over whether the central bank should step up record accommodation following the lowest monthly increase in U.S. payrolls in a year. Chicago Fed President Charles Evans said in a speech in New York yesterday that “soft” U.S. economic data call for “extremely strong accommodation,” while Richard Fisher…
Latest Business Headlines
Bernanke’s Garbage Conomic Models Mistook Housing Bust for Dot-Com Bubble
by Newswires • • 0 Comments
by Peter Orszag “In a speech last month about the financial crisis, Federal Reserve Chairman Ben S. Bernanke trenchantly noted that the initial losses from the dot-com bust were about the same size as those from the housing meltdown — yet the two episodes had very different economic consequences. What Bernanke didn’t say was that…
Editorial, Lee's Free Thinking, Must Read
Mutual fund outflows are another example of the costs of ZIRP – Bernankecide
by Lee Adler • • 1 Comment
This is a short excerpt from this week’s Professional Edition Fed Report to be posted Tuesday. The ICI reports mutual fund inflows weekly with a one week lag. Domestic equity mutual funds had $8.7 billion of net outflows in the week ended 4/18/12, after net outflows of $1.5 billion the week before. Based on the…
Liquidity Trader Complete, Professional Edition
Tide About To Go Out On The Sea of Cash
by Lee Adler • • 1 Comment
Extended free summary excerpt The massive $50 billion Treasury bill paydown that the dealers and other holders received on April 16, augmented by a much more modest $3 billion paydown last week was enough to keep the markets floating upward on a sea of cash. But the tide is about to go out. Monday, the…
Bruce Krasting, Contributors- Economic and Financial, Must Read
Yellen Vs. Geithner – Two Views
by Bruce Krasting • • 0 Comments
Janet Yellen, Bernanke’s soul mate (and mouthpiece) spoke last week. She argued that the Federal Reserve’s Zero Interest Rate Policy (ZIRP) should be maintained for another three years.
Tim Geither, Obama’s side kick, had a completely different take …
Charts, Economics, Lee's Free Thinking, Must Read
The Fed’s Con Appears To Be Working But The Curtain Is Rising On The Third Act
by Lee Adler • • 1 Comment
In today’s conomic news, the mainstream media focused on the disappointment surrounding the FOMC Minutes, the massaged and sanitized fairy tale about what the participants said at last month’s FOMC confab. The market was shocked! SHOCKED! that most of the members saw no need for additional QE, unless things got worse. I had concluded that…
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX, RUT, INDU, NYA Updates: Understanding the Beard Through First-Hand Experience
by Pretzel Logic • • 0 Comments
Before I get into the charts, indulge me a moment of digression into a personal story.
As many of you know, I often go several days without venturing out into public, and as a result, I can be somewhat lazy when it comes to shaving. Well,…
Charts and Trading, Latest Business Headlines, Pretzel Logic E Wave Analysis and Market Commentary
SPX, RUT, Silver Updates: The Ongoing Power of the Bernanke Put
by Pretzel Logic • • 0 Comments
On Monday, Bernanke emerged from his lair and jawboned QE3 into virtual existance, again sending the market skyrocketing. Before I go much further, I want to put up a chart I stole from Zero Hedge, who stole it from Strategas Resea…
Lee's Free Thinking, Liquidity Trader Complete, Professional Edition
The Bad News Is That Market is Celebrating What Was, Not What’s To Come
by Lee Adler • • 0 Comments
The cash generated by the ECB’s second big LTRO operation hit the US banking system last week. At the same time the Fed is still pumping cash into Primary Dealer trading accounts, and it just completed a big mid month cash infusion. This was all part of the master manipulators’ master plan, of which they…
