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Two days of losses is apparently enough: Ben Bernanke shrugged off concerns the Fed's policies...

Two days of losses is apparently enough: Ben Bernanke shrugged off concerns the Fed's policies are fueling asset bubbles at a meeting earlier this month, reports Bloomberg, citing anonymous sources. Does Jon Hilsenrath have the day off?
Comments (24)
  • Nope. No bubble here. The Fed could stop the massive cash injections at any time and the economy would be just fine.

     

    With the money we're roaring along at zero.

     

    Without the money......we'd just be paying back trillions and still have no growth.

     

    Bubbles are good.
    22 Feb 2013, 08:03 AM Reply Like
  • yep, no bulls here. markets go higher
    22 Feb 2013, 08:29 AM Reply Like
  • Ben should have the Lawrence Welk era Bubble Machine going full blast in the background during his press conferences ... he is the best thing to ever happen to this Administration beside Chris Christie.
    22 Feb 2013, 08:30 AM Reply Like
  • Nice! Lol!
    22 Feb 2013, 10:03 AM Reply Like
  • Bernanke can't even see a bubble even when the later is telling him that it's one. But so what, may as well play the game for now.
    22 Feb 2013, 08:38 AM Reply Like
  • Bernanke should be prosecuted and charged with financial market terrorism and casino rigging.
    22 Feb 2013, 08:47 AM Reply Like
  • what bubble?
    22 Feb 2013, 08:54 AM Reply Like
  • Is God a Central Banker?http://bit.ly/15ADVeg
    22 Feb 2013, 09:34 AM Reply Like
  • Bubbles are AWESOME! You make money on the way up and then short the market on the way down.
    22 Feb 2013, 09:40 AM Reply Like
  • Bubbles destroy livelihoods and economies. But yeah, as long as you and guys like Goldman Sachs are making money on the way up and on the way down, everything is fine.
    22 Feb 2013, 10:13 AM Reply Like
  • You want the economy to do well? Raise taxes on the rich and use it to improve the livelihoods of the poor. But first, vote the Republicans out of office.
    22 Feb 2013, 10:39 AM Reply Like
  • What is your definition of rich and how would you tax them?
    You profess to be a trader, yet babble on as a socialist. Perhaps you are just a troll.
    22 Feb 2013, 11:53 AM Reply Like
  • That's the kind of post that feeds the stereotype of Democrats being people who want to take from the rich and give it all to the poor. I don't think that is the Democrat's position and it never has been. I don't think such a policy would be very helpful to any of us.

     

    The truth is the government can't be expected to "fix" the economy. The government's role should be to provide a level playing field, where everybody has a reasonable chance to succeed through their own efforts, including through investment and hard work. That can be accomplished through law, by outlawing (and enforcing) conditions that don't favor economic growth such as price fixing, market manipulation, etc. The government can also provide an environment where people can take chances without facing poverty when things don't work out, i.e. risk management.

     

    When the government starts interfering, trying to proactively "fix" the economy, that's when the trouble starts. The situation is exacerbated by the wealthiest and most powerful being able to control the government for their own benefit, and to the detriment of the rest of us.

     

    Raising taxes or cutting taxes, increasing the debt or reducing the debt, are not central to the real argument we need to be having. Taxes and debt need to support the strategy, just as revenue and costs need to support a corporate strategy. But America has no strategy. We have no long-term plan, so all we do is throw money at the problem (increasing spending or cutting taxes are two sides of the same coin), hoping that somehow magically that will translate into success.

     

    Instead we should be talking about a real strategy for America, how we can assure our positive future by making an effort to go in a particular direction and how that will give us an edge. None of that can be accomplished until politicians are rewarded for results that benefit the nation as a whole instead of their largest campaign contributors.

     

    It's not as simple as "vote Democrat" or "vote Republican," because both parties are equally corrupt and entirely focused on being re-elected. I don't know what the solution is. Maybe there isn't one. But if it exists, it's not as obvious as partisans suggest, and it will certainly be extremely difficult to implement.
    22 Feb 2013, 11:54 AM Reply Like
  • "What is your definition of rich and how would you tax them?
    You profess to be a trader, yet babble on as a socialist. Perhaps you are just a troll."

     

    I didn't know only the Tea Party Patriots have the right to make money in the market. Something learned on SA every day.

     

    The Democrats have a proposal to avoid sequester. Raise taxes as needed on people making $1M+ a year to raise half of the $85B, and cut defense to raise the other half. That works for me.
    22 Feb 2013, 01:09 PM Reply Like
  • " That's the kind of post that feeds the stereotype of Democrats being people who want to take from the rich and give it all to the poor. I don't think that is the Democrat's position and it never has been"

     

    Wrong. There was indeed a time when Democrats supported unions.
    22 Feb 2013, 01:10 PM Reply Like
  • First lets remove the war criminal big O, and line up the entire group of politicians and let the people have at them with bats and clubs.
    22 Feb 2013, 02:33 PM Reply Like
  • Great, I'm on board with that too. 8 of the 10 wealthiest counties in the US voted for Obama so they should be also: http://yhoo.it/UM5XfC

     

    Hollywood, Warren Buffett, George Soros, the Googlers, etc, etc. All Democrats, all wealthy. Let's raise taxes on those rich one percenters.
    22 Feb 2013, 03:09 PM Reply Like
  • I am partial to Don Rumsfield and Dick Cheney being tried at Hague first.
    22 Feb 2013, 03:29 PM Reply Like
  • Democrats are not complaining.
    22 Feb 2013, 03:29 PM Reply Like
  • "It's not as simple as "vote Democrat" or "vote Republican," because both parties are equally corrupt and entirely focused on being re-elected. I don't know what the solution is. Maybe there isn't one. But if it exists, it's not as obvious as partisans suggest, and it will certainly be extremely difficult to implement."
    Excellent comment.
    22 Feb 2013, 12:07 PM Reply Like
  • I don't trust anything that BEN has to say!!
    22 Feb 2013, 02:36 PM Reply Like
  • you guys remember how all the banks insisted during 2007 that the economy is in a absolutely healthy state? This is the same thing again.
    22 Feb 2013, 06:25 PM Reply Like
  • this crackpot all in.
    22 Feb 2013, 10:21 PM Reply Like
  • Penalizing the ambitious and rewarding the indolent has never worked for the betterment of a society, never in history. If any politician truly cared about improving the welfare of society they would level the playing field and encourage opportunity for all. My compliments to Shortie Long for presenting the case well.
    Our Founding Fathers knew the danger of government overbearance and crafted a republic to prevent such evil. Sadly, we now have politicians posturing as 'enlightened' that promise a solution to all our ills by simply expanding government controls. We, the people, need to reassert our independence.
    23 Feb 2013, 02:22 PM Reply Like
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