all the missteps? puhleeze. incompetent? about as incompetent as you are competent to do the job. lacking "newsclip appeal?" That I'll give you. He's an academic, not a schmooze.
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Is Chairmen Bernake Incompetent?
- Thread starter mahram
- Start date
Quote from mahram:
My question is plain and simple. With all the missteps so far with bernake and the lack of confidence in him. Does everybody here agree bernake is incompetent?
http://money.cnn.com/2006/05/23/news/newsmakers/fed_bernanke/index.htm
Incompetent? You can't even spell his name. What qualifies you to make such an assessment, aside from reading a few news stories?
skepticaltrader
Guest
All I can say is,
"Is Bernake the best Fed chairman we can find here in the United States"?
If so, then the United States is hopeless.
"Is Bernake the best Fed chairman we can find here in the United States"?
If so, then the United States is hopeless.
There are two questions here. One is the Fed's apparent switch to a data-driven approach a good idea? Two, is Bernanke a good fit as Chairman?
So far, the answers to both seem to be no. The market regards the Fed now as being held hostage to each release of economic data. That injects random volatility into the syste, which might be good for traders but does nothing for the system or confidence in the Fed.
As for the Chairman, it was inexcusable for him to run his mouth like that to a financial reporter. He's not some kid in his first job. He is the most powerful central banker in the world. If he doesn't understand the effect his off the cuff statements can have, he is an idiot. He should have resigned the next day, but hopefully he has at least learned something.
So far, the answers to both seem to be no. The market regards the Fed now as being held hostage to each release of economic data. That injects random volatility into the syste, which might be good for traders but does nothing for the system or confidence in the Fed.
As for the Chairman, it was inexcusable for him to run his mouth like that to a financial reporter. He's not some kid in his first job. He is the most powerful central banker in the world. If he doesn't understand the effect his off the cuff statements can have, he is an idiot. He should have resigned the next day, but hopefully he has at least learned something.
he's a male with a penis who wanted to show off to maria.
Quote from AAAintheBeltway:
As for the Chairman, it was inexcusable for him to run his mouth like that to a financial reporter. He's not some kid in his first job. He is the most powerful central banker in the world. If he doesn't understand the effect his off the cuff statements can have, he is an idiot. He should have resigned the next day, but hopefully he has at least learned something. [/B]
Quote from AAAintheBeltway:
There are two questions here. One is the Fed's apparent switch to a data-driven approach a good idea?
Wow. The "switch to data-driven approach" - I wonder what was Fed driven by before it started looking at economic data. Astrology? Black magic? The Elitetrader forum moving average dumbness indicator?
Quote from misha7:
Wow. The "switch to data-driven approach" - I wonder what was Fed driven by before it started looking at economic data. Astrology? Black magic? The Elitetrader forum moving average dumbness indicator?
He testified yesterday about the need for financial literacy. Too bad he couldn't take you along as an exhibit.
Bernake, Bernake, Bernake...wow.
I will not attack his person but I will say something concerning his communication skill-lessness.
One that can eloquently communicate average ideas will always be more successful than a stumbling genius. Communication skill is paramount to content, and one who has both is king of persuasion.
Bernake doesn't seems to have either. It is as if his knowledge is trapped in his mind unable to see the light of day. He seems nervous for no apparent reason, seems to be on the verge of a medical collapse at any moment now, and seems to reach for words that aren't there.
I am abundantly confused about how he could have gotten through the interview process. Greenspan, with all his faults, was effective because his intellect and mouth were friends. Consequently, he could manipulate the data, eloquently say nothing while keeping the market confidence that he can be more clear if he wanted to be.
Problem with Bernake is I don't think he can do better, even if his life depended on it. Very, very scary.
I will not attack his person but I will say something concerning his communication skill-lessness.
One that can eloquently communicate average ideas will always be more successful than a stumbling genius. Communication skill is paramount to content, and one who has both is king of persuasion.
Bernake doesn't seems to have either. It is as if his knowledge is trapped in his mind unable to see the light of day. He seems nervous for no apparent reason, seems to be on the verge of a medical collapse at any moment now, and seems to reach for words that aren't there.
I am abundantly confused about how he could have gotten through the interview process. Greenspan, with all his faults, was effective because his intellect and mouth were friends. Consequently, he could manipulate the data, eloquently say nothing while keeping the market confidence that he can be more clear if he wanted to be.
Problem with Bernake is I don't think he can do better, even if his life depended on it. Very, very scary.
Quote from mahram:
My question is plain and simple. With all the missteps so far with bernake and the lack of confidence in him. Does everybody here agree bernake is incompetent?
http://money.cnn.com/2006/05/23/news/newsmakers/fed_bernanke/index.htm
The guy's name is Bernanke. Perhaps it is you that is incompetent.
prob is that he shud be able to take a path based on da big picture, not by data only, i mean if hes makin' decisions based on cpi/ppi his role if plain useless, w.o.p.r. can do a better job, ror...that's why we need a fed chairman, and some1 able to see past data and reach his own conclusions, not a guy peerin' at fedsfund futs and make decisions based on yields innit...by all means i understand that he's fresh and inexperienced but he's miles away from inspirin' confidence as greenspan. greeny was able to reassure mkt even when numbers were pointin' at inflation scares and has almost always proven to be correct in his assessments.