Seeking Alpha
Thursday, January 7 2010  |  04:51 EDT  | 
DJIA (DIA) S&P 500 (SPY)
  • On My Portfolio
  • Dashboard
  • Market Currents
  • Articles
  • Transcripts
  • Instablogs
  • StockTalks
  • Comments
  • Edit Portfolio

Market Currents

Monday, October 19, 2009
8:35 AM TweetThis
  • From Bernanke's introductory remarks last night: "The global financial crisis and the recession of the past two plus years have challenged policy makers and economists and has made us keenly aware of the linkages between America, Europe, and Asia."
Back to Today's Market Currents »

This news story has 9 comments:

  •  
    I paid $2.98 9/10 for a gallon of gas yesterday. Thanks Ben!!!!!!!!!! (you schmuck.)
    2009 Oct 19 08:38 AM Reply
  •  
    You cannot honestly think that Bernanke has control over gas prices...
    2009 Oct 19 08:47 AM Reply
  •  
    Jason....I see you are just starting out here in SeekingAlpha.

    People here don't really like to think too much. They like to blame authority figures for all of their problems. Why do we call these people 'conservatives'? They are more like radical little kids.

    Oh, and yes he does think Bernanke has control over gas prices.
    2009 Oct 19 08:52 AM Reply
  •  
    But Herbert, there's no inflation. They keep assuring you of that.

    On Oct 19 08:38 AM herbert hoover wrote:

    > I paid $2.98 9/10 for a gallon of gas yesterday. Thanks Ben!!!!!!!!!!
    > (you schmuck.)
    2009 Oct 19 08:53 AM Reply
  •  
    Are you dense? You might just want to take a basic economics course at your local junior college so that you can understand the basics of macroeconomics.


    On Oct 19 08:47 AM JasonGordon wrote:

    > You cannot honestly think that Bernanke has control over gas prices...
    2009 Oct 19 09:01 AM Reply
  •  
    No, actually you herbert hoover need to take a class on economics.

    Here is a newsflash for you...simply printing money does not create inflation. Inflation is rising prices and if supply >>> demand, which is the current case right now, you are going to get falling prices. Now, it is true Bernanke is printing money to stimulate demand, but he has only had limited luck so far. And supply is still much greater than demand. Hence, you have deflation!

    This is textbook economics taught at your junior community college.
    2009 Oct 19 09:04 AM Reply
  •  
    Here is another point. All you doomsayers will quickly agree that we have falling incomes right now in this country. But rising nominal incomes is almost a necessary precondition to inflation. And yet you still believe in your inflation argument.

    My guess is you just want to believe in whatever scares you. Somehow we are going to have rising prices with no demand. This is going to truly be a fist. We are going to rewrite economic history.
    2009 Oct 19 09:11 AM Reply
  •  
    Inflation is an increase in the money supply. Oil has gone up 100+% when demand has fallen. Gold is soaring. We have inflation.
    2009 Oct 19 09:19 AM Reply
  •  
    No that is not the definition of inflation. But if that's your definition of inflation, then yes I will agree with you the money supply has gone up. However, I can print a quadrillion dollars and bury them under a rock and what effect would that have on prices?

    Oil has gone up 100% from depressed levels because demand has returned from depression levels to recessionary levels. The same can be said of stocks.
    2009 Oct 19 09:37 AM Reply
Follow Market Currents on
Latest Articles
All latest articles ยป
Latest StockTalks
  • David White: Marketwatch:The European banking sector was downgraded to neutral from overweight on Thursday at Keefe, Bruyette & Woods.
    2 minutes ago
  • David White: SHLD would have to report double or triple its current EPS estimates to deserve its current FY2010 PE.
    4 minutes ago
  • David White: SHLD:price=$88.87, 1yr avg. analysts tgt = $55.20. FY2010 PE=60. Avg. analysts rating =3.7 (a SELL).A lot of retailers have FY2010 PE < 20.
    5 minutes ago
  • David White: Autos led Europe down today. Doesn't bode well for steels in US markets. Bad Dec. German auto sales results. TheStreet.com -- X is a SELL.
    11 minutes ago
More StockTalks »

From our sponsors: