Is Ben S. Bernanke a Moron?

Is Ben S. Bernanke a Moron?

  • Yes

    Votes: 52 60.5%

  • No

    Votes: 34 39.5%
  • Total voters
    86
Quote from jrlvnv:

Forgive me for being unknowledgable about the subject but it seems to me that Bens only job is to raise, lower or leave rates the same.

For everyone that thinks that Ben isn't doing his job, what would you do if you were him and what do you think would happen as a result of your action?
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I would let the country go into recession by raising rates. Recession is part of the business and economic cycle. It's a natural phenomina that HAS to occur to clean out the mess easy money created. Printing more money, or making money easy to obtain lowers the value of our currency.

The funny thing about it is this cheap money will not get to businesses that need it. Banks may have access to cheap money, but when money is cheap they actually become more stingy with it. The risk/reward just doesn't make sense for them to loan money to anyone but the best customers.
 
Quote from Thunderdog:

Simple question.
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NOT after today. He is on our side. I have changed my view of Bernanke. He is doing the right thing. Feds have cut 1.25 in one week! Think of that how massive that is injecting liquidity.....
This cannot remain a bear market anymore.
 
Quote from HolyGrail:

I would let the country go into recession by raising rates. Recession is part of the business and economic cycle. It's a natural phenomina that HAS to occur to clean out the mess easy money created. Printing more money, or making money easy to obtain lowers the value of our currency.

The funny thing about it is this cheap money will not get to businesses that need it. Banks may have access to cheap money, but when money is cheap they actually become more stingy with it. The risk/reward just doesn't make sense for them to loan money to anyone but the best customers.
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There is no such thing as a natural cycle. Ours is a controlled society and liveable one. Feds control our economy and guide it best they can. Recession is not something to look forward to.
 
Remember a couple of years ago the EURO at 1.30 was crazy . Now It is about to blow past 1.50 . Its the begining of the end of the mighty US $ .
 
Quote from rcanfiel:

these kinds of posts are like spectators who think they know more than the sports coach.

A coach spends 40 hours a week breaking down film, assessing performance and injury metrics, and 40 hours on a host of other things, and Joe 6-Pack suddenly knows better plays than the coaching staff

I am sure the OP could run our financial system much better. NOT

Bernanke raises/drops rates "too much" and one group complains. He does it "too little" nad another group complains...

Reminds me of the "moron" ET poster who figures if we got rid of the fed banking system, then our national debt would disappear with it...

Go figure...
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Yeah but what if the coach is messing around with the bookies?
 
Quote from Trader666:

Based on the survey results (64% say he is a moron, 36% say he's not) Bernanke clearly is NOT a moron.
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I would say based on the survey results 36% on this board ARE morons
 
Quote from Ivanovich:

Don't think he's a moron. I think he's probably very smart. A moron is someone who can't open a cereal box.

Ben's problem is that he's bought, and he doesn't care about the country's future. Only the country's bank's future.
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A moron doesn't have to be stupid. It could be a person who is willing to sell his soul for money. How far will it get him? Well that is for us to see, and for the moron to worry about....
 
Quote from watchdaride:

Remember a couple of years ago the EURO at 1.30 was crazy . Now It is about to blow past 1.50 . Its the begining of the end of the mighty US $ .
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And it's not like anybody or another country "did" anything to it (us)... our own Gummint is just pissing it away for their own selfish greed.

The US Gummint and the Fed are THE enemy! Will the American people wake up in time? Or EVER?

Doubt it.
 
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