Some upbeat excerpts from Federal Reserve Chief Ben Bernanke’s speech, Economic Challenges: Past, Present, and Future, today in Dallas, TX. Fortunately, today the financial crisis looks to be mostly behind us, and the economy seems to have stabilized and is beginning to grow again. But we are far from being out of the woods. Many [...]
Bernanke
Cleaning Up The Toxic Assets
Wow, another week in the green! Although investors reacted negatively to President Obama’s “cautious optimism” speech earlier in the week, Ben Bernanke’s speech concerning the financial crisis at Morehouse College seems to have allayed investors fears about the state of our financial system. I find it amusingly ironic that Mr. Bernanke chose to speak about [...]
Remedy for Economic Contraction
According to today’s Associated Press report: Federal Reserve Chairman Ben Bernanke told Congress Tuesday the economy is suffering through a “severe contraction” and pledged to use all available tools to lift the country out of the recession that already has cost millions of Americans their jobs. The AP also reports – To brace the economy, [...]
News of the Weird
The home that Ben Bernanke grew up in, fell victim to the mortgage crisis. According to the weekend edition of the Wall Street Journal, Real Estate section: Fed Chief’s Boyhood Home Is Sold After Foreclosure. According to an excerpt from that article: Mr. Bernanke’s family sold the property more than a decade ago. It ended [...]
Bernanke Seeks More Power
MarketWatch.com reports today that the Fed chief, Ben Bernanke, is seeking more power to oversee investment banks. According to an excerpt from that article: WASHINGTON (MarketWatch) — The Federal Reserve should have a much larger role in supervising investment banks to prevent and limit financial market turmoil, Federal Reserve Chairman Ben Bernanke said Tuesday, endorsing [...]
Markets React To FOMC
The markets reacted to the recent FOMC statement by Ben Bernanke by dropping 2.5-3% across the board, both nationally and internationally. Source: Cartoons by Harley Schwadron