“What few economic leaders have acknowledged is that the Federal Reserve itself is responsible for the real estate and credit bubbles, which are the source of our current troubles. By keeping interest rates too low for too long, the Fed ignited a speculative fever and engendered a [...]
“It’s not excluded that, after having carefully examined the situation, that we could decide to move our rates for a small amount at our next meeting. I didn’t say it’s certain. I said it’s possible.” — European Central Bank President Jean-Claude Trichet
by Stephanie Grimmett
Baltimore – (TFN): You can blame a frenchman [...]
Tags: bernanke, central bank, dollar, ecb, eu, euro, european union, Fed, inflation, interest rates, jean-claude trichet, oil prices, paulson, treasury
“To my knowledge, Bernanke has never before stressed the dollar’s decline, the inflationary dangers it poses and his intention to guard against these as much as he did yesterday. The immediate reaction was for the dollar to rally.” — Dominic Frisby
Blogger’s note: Dominic Frisby, an editor at our British [...]
“There has not been a chairman of the Federal Reserve Board with sound monetary instincts since Paul Volcker resigned in 1987.” — Lord William Rees-Mogg
by Lord William Rees-Mogg
Baltimore — (TFN): The American electoral system has never been designed to protect sound finance, and it has become more dangerous as the federal government and the Federal [...]
by Peter Schiff
Baltimore — (TFN): With what many have described as a flash of monetary discipline worthy of Paul Volcker, Ben Bernanke reduced short-term interest rates this week to a mere 2%, apparently turning a deaf ear to those on Wall Street who wanted more. But now that the dollar-crushing side effects of cheap money [...]
“At this point, Ben Bernanke has to feel like Barney Fife. Remember how on the Andy Griffith Show, Andy only gave Barney one bullet and he had to keep it in his pocket? Mr. Bernanke has to feel like he is running out of bullets and needs [...]
“Although Bernanke may have spent much time studying the Great Depression, his understanding of it is anything but sound. That epic “slowdown” resulted from a series of policy mistakes, first by the Federal Reserve and then by the Federal Government. Bernanke believes these mistakes were simply not large enough.” — Peter [...]
“Now that Congress is getting involved, we should see some decisive action, a clear and easy solution to eliminate the financial collapse now knocking on our doors… and if you believe that, I’ve got these great banking shares to sell you.” — Stephanie Grimmett
by Stephanie Grimmett
Here at Today’s Financial News, we spent the [...]
Tags: april fools day, asia financial crisis, bernanke, carry trade, congress, currency, Fed, financial news, hyperinflation, joke, liquidity, paulson, stock chart, technicals, us currency, value investment, wall street
“Since the beginning of the U.S. credit crunch last August, U.S. indices and even some of the international indices have taken a nosedive. Investors are getting antsy watching their portfolios shrink.” — Krista Das
Baltimore – (TFN): The following was taken from the April 4 Market Insights video with Krista Das [...]
Baltimore — (TFN): Since the beginning of the US credit crunch last August, US indices and even some of the international indices have taken a nosedive. Investors are getting antsy, watching their portfolios shrink.
When can we profit from US stocks? Martin Hutchinson reveals how to determine the end of the credit crunch [...]
“(The Fed’s) message has been, more or less, that money grows on trees, which is why Ben Bernanke’s moniker, ‘Helicopter’ Ben, is catching on with the press. Gold bugs could not be more thrilled. Just recently, I wrote that we are seeing the best of all worlds for gold [...]
"The current mess did not result from a failure of the free market, but from too much government interference. The real estate bubble, and the shaky securitized products it spawned, resulted from the Fed artificially setting interest rates too low." — Peter Schiff
by Peter Schiff, Dollar Bear
Baltimore – (TFN): Now [...]
Tags: bear, bear stearns, bernanke, dollar, Fed, inflation, interest rates, jp morgan, mortgage, speculation, treasury
"To the U.S. economy and to investors in U.S. companies, the dollars current spiral is much closer to a strand of DNA - the spiral of life." — Martin Hutchinson
by Martin Hutchinson
Baltimore – (TFN): When some commentators see how steadily the U.S. dollar has declined against a basket of key [...]
by Andrew Snyder
Baltimore — (TFN): I must be some kind of nerd or something. Every day, about an hour before my alarm is set to jolt me awake, I am out of bed staring at the TV screen through one eye and reading the Journal through the other.
Growing up, I used [...]
Baltimore — (TFN): The Federal Reserve is doing its best to save American banks and the nation’s equities markets from implosion. How long can their artificial life support keep the nation hanging on? Eventually, the pain of a major recession will be felt. Many analysts predict it could be the worst economic catastrophe since the [...]
"Credit market liquidity is a major issue, no doubt, but soaring oil prices, a weakening dollar, falling employment, and rip-roaring inflation are the wolves tearing at this economy’s jugular. " – Andrew Snyder
By Andrew Snyder
Baltimore (TFN) — Do not be fooled into believing yesterday’s super-rally is a sign of good things to come. Tragically, the Fed’s [...]
Tags: 2008, Andrew Snyder, banking industry, bernanke, Fed, federal reserve, I Bonds, inflation, Inflation protection, liquidity, recession, TIPS, Treasury Bond
"The global credit crisis isn’t just ‘a’ crisis - it’s ‘the’ crisis of our time." — Keith Fitz-Gerald
by Keith Fitz-Gerald
Baltimore – (TFN): Last Wednesday, U.S. Federal Reserve Chairman Ben S. Bernanke told the Senate Banking Committee something that’s becoming more evident by the day, "I don’t know [...]
"At a time when tuition, books, housing, and food are putting a serious pinch in nearly every college student's bank account, rising fees for student loans could be the test that fails the higher education community. " – Andrew Snyder
By Andrew Snyder
Baltimore (TFN) – It is official. The nation is not in danger of a crippling [...]
Tags: 2008, Andrew Snyder, bernanke, Bush, college loans, investment safety, president bush, recession, student loans, sub-prime, sub-prime collapse
"The condition is creating a great buying opportunity. All sorts of stocks are selling at great discounts. " – Andrew Snyder
By Andrew Snyder
Denver (TFN) — I am sick of sitting on my butt. Over the last 36 hours I have managed to criss-cross the continent. I started in Juneau, flew across Canada into the nation’s capital, [...]
"Santa Claus glides mysteriously. Helicopter Ben requires expensive aviation fuel and adds to global warming when he does his rescue act. Whatever the vehicle, the action is the same: Flood the world with more money and pray." — Ajit Dayal
by Ajit Dayal, equitymaster.com
Baltimore — (TFN): A week ago, the central banks of [...]