Archive for the ‘ben bernanke’ Category
Monday, March 31st, 2008
On the same day that Roger Clemens testified on performance enhancing drugs, Ben Bernanke testified that he would provide a plan to deal with the pending credit card crisis at the behest of a legislator (I forgot his name and do not care).
The point is: the report or plan is sorta due today … Opening Day.
It will likely be delayed as all the rules are about to change on Wall Street.
Unfortunate.
Posted in aloha airlines, ben bernanke, credit card crisis, credit crisis, new rules on wall street, oversight for banks | No Comments »
Sunday, March 30th, 2008
As time passes, people are beginning to wake up and understand the grim reality.
- You need a job.
- You need a job that produces something tangible.
- You need a job that will give you long-term stability.
- You need a job that is recession-proof.
- You need a recession-proof job that will not be outsourced.
Well, the U.S. Federal Reserve and the Hong Kong Monetary Authority are running out of ammunition (interest rate cuts) to help stabilize the economy and maintain the feeling that people are wealthier.
Even the ultra-rich elite people feel poorer, and THAT is grounds for deep concern.
Posted in ben bernanke, federal reserve, federal reserve bank, from dual, hkma, hong kong monetary authority, placebo, the fed, wealth effect | No Comments »
Tuesday, March 18th, 2008
Oh! My goodness!! A grease fire.
A normal person would turn off the stove.
Then cover the pan to snuff the fire.
Nope, not the federal reserve.
When the money is burning and losing value, they throw more money on the pile of burning money.
How smart is that?
Posted in bear stearns, ben bernanke, bernanke, cooking, federal reserve, grease fire, investment banks, monetary policy, money | No Comments »
