Seeking Alpha

"Transitory" has thankfully yet to be used, but one theme of Bernanke's press conference is his...

"Transitory" has thankfully yet to be used, but one theme of Bernanke's press conference is his belief the economy will emerge just fine from its current soft patch. QE3 seems off the table for now. Dollar continuing to catch a bid. UUP +0.2%.
Comments (6)
  • Anjum
    , contributor
    Comments (77) | Send Message
     
    After having lowered the GDP by 0.5% for the next 3 years as well as raised unemployment and inflation projections till 2013, there is nothing 'transitory' left for Mr. Bernanke to refer to !!
    22 Jun 2011, 02:44 PM Reply Like
  • Duude
    , contributor
    Comments (3368) | Send Message
     
    Says they don't see any "action on interest rates for 3 meetings.....at least, with emphasis on at least."
    22 Jun 2011, 02:50 PM Reply Like
  • Anjum
    , contributor
    Comments (77) | Send Message
     
    They can't see ... because as Mr. Bernanke himself said a few mins ago, 'extended period' means a period about which they have no idea how long it is !
    22 Jun 2011, 03:00 PM Reply Like
  • montanamark
    , contributor
    Comments (1435) | Send Message
     
    all bad news is
    temporary
    lie
    transitory
    lie
    temporary
    lie
    22 Jun 2011, 03:00 PM Reply Like
  • bbro
    , contributor
    Comments (9441) | Send Message
     
    Bernanke for Medal of Freedom...Ron Paul for OB/GYN....
    22 Jun 2011, 03:04 PM Reply Like
  • Econdoc
    , contributor
    Comments (2944) | Send Message
     
    well said.

     

    hope you all had fun today.

     

    E
    23 Jun 2011, 11:17 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|