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Bernanke on the Hill for his semiannual visit: Price spikes in oil and other commodities are "at...

Bernanke on the Hill for his semiannual visit: Price spikes in oil and other commodities are "at most, a temporary and relatively modest" spur to inflation - and don't blame the weak dollar, because commodities are rising in all major currencies. Fed expects real GDP gains of 3.5-4% in 2011. Many conditions are much improved, but jobs and housing are very weak. (Q&A on live video)
Comments (6)
  • Power Hedge
    , contributor
    Comments (960) | Send Message
     
    Ben "Don't Blame Me" Bernanke.
    1 Mar 2011, 10:53 AM Reply Like
  • stocksniper31
    , contributor
    Comments (46) | Send Message
     
    What else can he say...yes my printing press is causing Inflation...what a joke...look at cotton, oil, and many other things
    1 Mar 2011, 11:00 AM Reply Like
  • Bill S. Friend
    , contributor
    Comments (711) | Send Message
     
    Perfect conditions of low rates, low job growth, and low inflation, with more of the same on the horizon will continue to spur commodities. Although Bernanke did not create this mess he has not been able to anticipate market conditions and react accordingly, in fact his prognostications seem contradictory to the reality of our situation.
    1 Mar 2011, 11:04 AM Reply Like
  • Boxed Merlot
    , contributor
    Comments (1582) | Send Message
     
    Many conditions are much improved, but jobs and housing are very weak....

     

    If the primary economic drivers of jobs and housing continue to be sacrificed on the alter of the "improved conditions", i.e. banker bonuses, re-election campaign contributions and increased BIS BASAL balance sheet entries, fear, misery and hopeless resignation will continue to flourish. Thanks, Ben.
    1 Mar 2011, 11:58 AM Reply Like
  • Tommy_Finger
    , contributor
    Comments (320) | Send Message
     
    Unfortunately, "oil and other commodities" are things I actually use so I guess my lunches from now on will be,... "temporary and relatively modest."
    1 Mar 2011, 01:04 PM Reply Like
  • Carlos Lam
    , contributor
    Comments (1306) | Send Message
     
    Ben is essentially saying, "The other guys are printing their currency to death, so I'm just doing what they're doing."

     

    What a pathetic excuse for a leader.
    1 Mar 2011, 01:18 PM Reply Like
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