Posts Tagged ‘Ben Bernanke’
Posted by Larry Doyle on September 19th, 2013 9:04 AM |
At what point does a patient become addicted to medication so that a subsequent malady is potentially as bad if not worse than the original condition the prescribing doctor was trying to treat?
How disturbing is it to learn of individuals strung out on pain medication or more specifically methadone to treat a debilitating condition or drug habit?
Very disturbing.
In a very similar fashion, our resident medic, that being Fed chair Ben Bernanke, found himself boxed in by our patient, supposedly our economy but really our markets, that had begun to convulse and palpitate when word that its QE medication was going to be lessened. (more…)
Tags: Ben Bernanke, Bernanke quantitative easing, nursing our economy back to health, QE monster, QE-infinity, quantitative easing, wealth distribution, why did Bernanke continue QE
Posted in Ben Bernanke, Federal Reserve, General, quantitative easing | 4 Comments »
Posted by Larry Doyle on July 18th, 2013 8:53 AM |
It took a few weeks, but the relatively recent smokescreen of a strengthening economy put forth by Ben Bernanke began to lift yesterday.
I find it especially interesting that it was not some new string of weak economic data that prompted the Fed chair to express increased caution about what is truly going on in the real world economy.
In fact, for what I believe might be the first time, Bernanke cautiously addressed the fact that the structural changes in our economy reflected in a significant decline in the labor force participation rate might be more indicative of our economic health than the actual unemployment rate.
A whiff of the truth amidst the daily diet of verbal diarrhea emanating from D.C? What a novel concept. (more…)
Tags: Ben Bernanke, Bernanke Congress July 17 2013, Bernanke July 17 2013, bernanke statement July 17 2013, Bernanke statement to Congress July 17 2013, Federal Reserve policy July 2013, monetary policy July 2013, Mort Zuckerman Boston Properties, Mort Zuckerman WSJ editorial July 15 2013, Zuckerman Jobless recovery is a phoney recovery, Zuckerman on economy July 15 2013
Posted in Ben Bernanke, Employment, Federal Reserve, General, Unemployment | No Comments »
Posted by Larry Doyle on June 21st, 2013 8:23 AM |
How will the history books treat Ben Bernanke? Well, only time will tell.
Supporters will tout his integral role in saving the system.
Those who look less kindly on the Fed chair will denigrate him for: 1) his participatory role in allowing Wall Street to bring our economy to its knees, and 2) providing excess liquidity for the well positioned to take advantage of a newly defined rent-seeking economy while the rank and file American public struggle to keep their head above water.
Perhaps he is deserving of both a measure of praise and derision, but let’s take a harder look at what he really accomplished — or not — depending on how you might view things. (more…)
Tags: Ben Bernanke, Ben Bernanke legacy, cost of quantitative easing program, costs of Federal Reserve QE, employment Bernanke, Federal Reserve, Geoffrey Godbey, hours worked, personal income, QE, rent seeking economy, unemployment Bernanke, what did Bernanke accomplish
Posted in Ben Bernanke, Federal Reserve, General | 7 Comments »
Posted by Larry Doyle on May 20th, 2013 9:38 AM |
“Don’t fight the Fed.”
While the fundamentals of our underlying economy bump along with continued structural headwinds and fiscal support from Uncle Sam remaining anemic, the Federal Reserve’s QE-infinity remains the underlying cornerstone supporting our markets.
With equities making new highs and high yield bonds trading at stratospheric levels, recent pronouncements from Fed officials strike me as looking to accomplish two goals: (more…)
Tags: are markets manipulated, Ben Bernanke, Bernanke address at Bard College, commodity index, Don't fight the Fed, ease air out of bond bubble, Fed-speak, Federal Reserve, high yield bond bubble, Janet Yellen, market manipulation, QE-infinity, quantitative easing, underlying economic foundation
Posted in Ben Bernanke, Federal Reserve, General, quantitative easing | 8 Comments »
Posted by Larry Doyle on April 28th, 2012 9:17 AM |
This commentary is a little lengthy but a great and absolute MUST READ!! LD
Who really runs America?
The media may actively and aggressively debate the pandering provided by those on both ends of the political spectrum. But to whom do these pols really answer? The American public? I do not think so.
The Washington establishment strikes me as little more than puppets played by the one controlling the money. Who might that be? The all powerful and, all assertions to the contrary, perpetually opaque Federal Reserve.
Let’s navigate deep into the chambers of the New York Federal Reserve. (more…)
Tags: Alan Greenspan, Ben Bernanke, ceteris paribus, Federal reserve history, Federal Reserve policy, fractional reserve system, Friedrich Hayek, history of the Fed, history of the federal reserve, Long Term Capital Management, modern industrial economy, Modigliani, Modigliani and Sutch, Murray Rothbard, My Speech at the New York Federal Reserve, operation twist, Robert Wenzel, Robert Wenzel's speech at the New York Federal Reserve, Ron Paul sound money policy, speech by Robert Wenzel, success of federal reserve policy, The all powerful Federal Reserve, Wenzel on economy and monetary policy, Wenzel on Ludwig von Mises, Wenzel speech, who really runs America
Posted in Federal Reserve, General | 5 Comments »
Posted by Larry Doyle on April 3rd, 2012 8:31 AM |
They are going to forget about me.
I have heard that line and iterations thereof from too many of our fellow citizens. Uncle Sam in the personage of Ben Bernanke, Tim Geithner, Henry Paulson, Mary Schapiro, John Boehner, Nancy Pelosi, Barack Obama and many others can talk about the actions they have taken and will take to save our economy and our nation; however, in the midst of their supposed efforts they have failed, violated, and left behind tens of thousands of our fellow citizens in their wake.
Of whom and to what do I refer? (more…)
Tags: ARS, ARS scandal, auction rate scam, Auction Rate Securities scandal, Barack Obama, Ben Bernanke, customers of MF Global, Henry Paulson, Joe Nocera, John Boehner, Jon Corzine, Madoff, Madoff victims, Madoff Victims Coalition, Mary Schapiro, MF Global customers, Nancy Pelosi, those Uncle Sam Failed Violated and Left Behind, Tim Geithner, Wall Street-Washington incest
Posted in ARPS, ARS, Auction Rate Securities scandal, General, Madoff, MF Global, Mortgage Crisis | 3 Comments »
Posted by Larry Doyle on March 22nd, 2012 5:31 AM |
The penalties handed out by NFL Commissioner Roger Goodell to the coaches and executives of the New Orleans Saints organization for the bounty program practiced down on the bayou were perhaps the stiffest in the history of the game.
Goodell has shown himself to be a no-nonsense individual cut from the mold of Kenesaw Mountain Landis. Goodell is clearly focused on protecting the sport, and knows that any program which promotes an intent to injure renders modern day football to little more than barbarism. (more…)
Tags: Albert Loewenthal, Barack Obama, Ben Bernanke, Brian Moynihan, Chuck Schumer, Darrel Issa, Eric Holder, Greg Williams, James Gorman, Jamie Dimon, Jim Himes, Jon Corzine, Judge Kenesaw Mountain Landis, justice on Wall Street, Lloyd Blankfein, Mary Schapiro, New Orleans Saints, penalties for New Orleans Saints, penalties on Wall Street, Preet Bharara, Richard Blumenthal, Richard Ketchum, Robert Khuzami, Roger Goodell NFL Commissioner, Sean Payton, Spencer Bachus, the integrity of the game, Timothy Geithner
Posted in General | 2 Comments »
Posted by Larry Doyle on January 29th, 2012 12:02 PM |
What does the Federal Reserve know that we don’t?
I mean, why would the Federal Reserve commit to keeping prevailing interest rates at next to zero through the end of 2014 if they were not aware of just how weak our underlying economy truly is?
Bernanke and team know our domestic economy and the global economy at large remain in need of significant and steady oxygen support. (more…)
Tags: Ben Bernanke, Bill Gross Pimco, Bill Gross twitter, Buzz Lightyear, Dan Alpert, Fed policy of zero interest rate policy, financial repression, how is our economy doing January 2012, inflation vs deflation, Pimm Fox Bloomberg Taking Stock, quantitative easing, reflating the economy, what is an investor to do January 2012
Posted in Federal Reserve, General, quantitative easing | No Comments »
Posted by Larry Doyle on January 5th, 2012 9:58 PM |
Housing and labor remain the cornerstones of our economy. In fact, the health of our labor market follows that of housing just like night follows day.
The near term prospects for both housing and labor remain decidedly challenging. The success of assorted federal programs to support housing so far have obviously been underwhelming.
That said, there are rumblings emanating from Washington that the Obama administration may end run Congress while unilaterally launching a massive program to support housing via Freddie/Fannie orchestrated refinancings.
Will this program be the ‘rabbit’ which Obama and team pull to prop the economy and their re-election chances in 2012? (more…)
Tags: Ben Bernanke, Fed white paper on housing, Federal Reserve, Federal Reserve's White Paper on Housing, government white paper on housing, issues in mortgage finance, issues in mortgage servicing, losses within Fannie and Freddie, might uncle sam become a landlord, mortgage servicing, Obama power grab, real estate owned, renting vs selling REO, REO, SEC case agaisnt Fannie and Freddie execs, Uncle Sam a landlord
Posted in Federal Reserve, General | 3 Comments »
Posted by Larry Doyle on November 29th, 2011 6:51 PM |
What lies ahead on our global economic landscape?
While market analysts and economists are paid to provide opinions, you know what they say about opinions.
Our global economy and markets have been supported by such unprecedented levels of government intervention with accompanying massive unintended consequences that trying to navigate our economic landscape can only be equated to “traveling in uncharted waters.” (more…)
Tags: Ben Bernanke, fed bailouts, Federal Reserve bailing out the system, global economy, government intervention in the markets, stress in European banks, stress points in the global economy, traveling in uncharted waters, uncharted waters, unintended consequences
Posted in General | 7 Comments »