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Bernanke Is A Lying Criminal
- Thread starter ByLoSellHi
- Start date
Instead of relying on "headlines" you'd be best served by reading over his testimony from today.
"The financial markets are still fragile, we don't want to take anything for granted, but we have come a long way since last fall."
âThe most recent information on the labor market -- the number of new and continuing claims for unemployment insurance through late April -- suggests that we are likely to see further sizable job losses and increased unemployment in coming months,â Bernanke said today.
His remarks echo last weekâs Fed statement that, while the outlook has âimproved modestlyâ since March, the economy may âremain weak for a time.â
"The financial markets are still fragile, we don't want to take anything for granted, but we have come a long way since last fall."
âThe most recent information on the labor market -- the number of new and continuing claims for unemployment insurance through late April -- suggests that we are likely to see further sizable job losses and increased unemployment in coming months,â Bernanke said today.
His remarks echo last weekâs Fed statement that, while the outlook has âimproved modestlyâ since March, the economy may âremain weak for a time.â
Quote from ByLoSellHi:
One Year Ago:
Bernanke Says No Recession
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7 Months Ago:
Bernanke Says Rates Are `Well Positioned' to Spur Growth
http://www.truveo.com/Bernanke-Says-Rates-Are-Well-Positioned-to-Spur/id/2015833990
2005:
Bernanke: There's No Housing Bubble to Go Bust
http://www.washingtonpost.com/wp-dyn/content/article/2005/10/26/AR2005102602255.html
"The subprime is contained." is in there someplace too...
But frankly, what's the guy going to say - "The sh!t's going to hit the fan everybody! Duck!!"????
Look, this guy's been saying that since this whole fiasco erupted and I wouldn't be surprised if he were to spit out the same crap in the future testimonies. It works like a charm for him every time!Quote from Pa(b)st Prime:
Instead of relying on "headlines" you'd be best served by reading over his testimony from today.
"The financial markets are still fragile, we don't want to take anything for granted, but we have come a long way since last fall."
âThe most recent information on the labor market -- the number of new and continuing claims for unemployment insurance through late April -- suggests that we are likely to see further sizable job losses and increased unemployment in coming months,â Bernanke said today.
His remarks echo last weekâs Fed statement that, while the outlook has âimproved modestlyâ since March, the economy may âremain weak for a time.â
Quote from S2007S:
Like I have said before, anyone who thinks the way out of this crisis is to print fresh new money is quite an idiot. Ben believes that's the way and will be quite surprised when he realizes it will NOT work.
Talk is cheap.
Please post a screen-shot of your BEARISH positions. Thank You.
Quote from ByLoSellHi:
Isn't Bernanke out of ammo, literally?
What's he going to do, take the funds rate to negative territory?
is he going to engage in an orgy of quantitative easing on top of what's already been done, in collusion with Treasury?
Already being done. Also the only way the Fed will run out of ammo is if their printers run out of ink or paper.
Then why was he cutting rates when SPX was above 1500 against what appeared to be inflationary pressure in commodities? Just for kicks?
All you had to do to gauge trader sentiment of future Fed actions was to look at back month Fed Fund futures. They were pricing in 150bp of cuts throughout the fall of 2007. I and many said the Fed will NEVER cut that dramatically. Yes they did......
All you had to do to gauge trader sentiment of future Fed actions was to look at back month Fed Fund futures. They were pricing in 150bp of cuts throughout the fall of 2007. I and many said the Fed will NEVER cut that dramatically. Yes they did......
Quote from ByLoSellHi:
One Year Ago:
7 Months Ago:
Bernanke Says Rates Are `Well Positioned' to Spur Growth
http://www.truveo.com/Bernanke-Says-Rates-Are-Well-Positioned-to-Spur/id/2015833990
2005:
Bernanke: There's No Housing Bubble to Go Bust
http://www.washingtonpost.com/wp-dyn/content/article/2005/10/26/AR2005102602255.html
He's a politician. What do expect? LOOK AT THE DATA. It's appears to be bottoming.
And the share market saw it 2 months ago.
And the share market saw it 2 months ago.
Quote from saliva:
Look, this guy's been saying that since this whole fiasco erupted and I wouldn't be surprised if he were to spit out the same crap in the future testimonies. It works like a charm for him every time!
Quote from Bigpipn:
You're a smart guy Landis, why do you buy into the bs of the 2 party system?
Do you just despise of Bush THAT much?
You make the rather poor assumption that I am a registered Democrat or Republican.
As far as Bush is concerned, please name me ONE SINGLE APPOINTEE that was not incompetent or least case, mediocre . . . I can't name a single one.
Alberto Gonzales?
Condi "Mushroom Cloud" Rice?
Pat Wood, III?
Gayle Norton?
Christine Todd-Whitman? .
Don Rumsfeld?
Hank Paulson?
Ben Bernanke?
Christopher Cox?
I, on the other hand, don't understand why the Congress holds these stupid testimonies. It's not like they'll get any in-depth analysis, let alone god-fearing truth, into what the hell is going on:Quote from WaveStrider:
"The subprime is contained." is in there someplace too...
But frankly, what's the guy going to say - "The sh!t's going to hit the fan everybody! Duck!!"????
"The subprime is NOT contained and we're more screwed than initially thought. But thanks to the stupidity of the generous tax payers, we're able to save our buddies on Wall Street," so sez Bernanke.