Bernanke the Mad scientist thinks printing money has very limited consequences. His experiment has been a total failure and he is competely clueless to the impacts of his reckless policies on middle/poor class. The guy never had a real job in his life. A pampered academic without real world experiences and pressures. When did he ever pay for health insurance?
Ben "The Mad Scientist" Bernake's big experiment is going to backfire on him. This is a joke. The man along with greenspinner helped create the biggest baddest credit/housing bubble in world history and he is going to micromanage this disaster? I gotta classic '74 pinto to sell ya.
What's Wrong with Making Only the Safest Loans? [View article]
Leverage debt and consumption put our economy into this disastrous postion. All the industries related to this type of activity received most of the malinvestment over the years. The economy is structurally unsound lopsided in this direction. it will be painful process to unwind this economy to a more balanced consume/save economy---service/mfging. These derelict political appointees and politicians will not make the right decisions to correct the ship. more of the same non-sense gojng on here until the next devastating crisis hits and forces change once and for all.
Nice observation egg. 1980-1982 was the best valued market in our generation and the model shows it extremely overpriced...wow. 1990 prices were pretty damn good too. It must place a great deal of emphasis on interest rates. Today interest rates are distorted and manipulated so maybe sois his model? A major flaw in this model maybe
I am a little tired of hearing how mcuh of an expert Bernanke is on the depression. This bald headed book worm's experiment is going to backfire on the middle class and poor. This POS did not see the bibbest baddest bubble in the history of mankind and he will micromanage the economy back from disaster he helped create? We are all doomed until the revolution and overthrow happens. The govt is absolutely broken. Just look at the FHA. They blatantly allow non-economic loans and losses to pile up on taxpayers all in plain sight and noone will stop it.
Marvin you obviously understand the turmoil we are about to face as the sheeple are pillaged by the runaway deficits and monetary thievery. Food inflation will be the last straw that sets it all off. Watch. The Fed continuously enables the politicians to run deficits to pander to special interests groups.
Propping up the economy with phoney debt laden stimulus schemes is going to backfire. Watching Bernanke's tesitimony in front of the senate just confirms his arrogance that he thinks he is so smart and right. This moron could not get it right while working with Greenspan and has been totally wrong on his own. These smart ass professors have very little real world experiences and are totally out of touch with the realities of Joe 6 pack. This guy is a total derelict when it comes to rational prudent financial politicies. you and i did not vote for this hired gunslinger. He needs to be fired immediately and replaced with someone that understands that leveraging up with more debt to solve a solvency crisis does not work.
Another Crisis Looms Right Around the Corner [View article]
I see a few on this board are calling that debt to gdp a wacky chart?
It's all debt and it has to be paid back unless it is defaulted on.
Whether it be household debt, state and federal debt, financial debt we are levered in all aspects of this economy except corp debt. Household debt to disposable income is off record highs. In 2008 it was 138%, in 1990 it was 90% and lower than that in the 1980's.
The govt aling with every special interest is making all efforts to prop up asset prices expecially house prices. House prices busted this country along with the lax fraudulent lending that has just started up again with the corrupt FHA.
Entitlement programs will have to be cut and you know what that means....means testing. You save make rational financial decisions you pay for the derelict homedebtor sheeple.
Polticians suck....all of them. What an arrogant group totally out of touch with the big squeeze across america as in health insurance /costs, property taxes, utility/energy and watch the big squeeze in food prices going forward. this will be crippling to our country and the sheeple are going to get real nasty when they are hungry.
Mort Zuckerman backs the Fed as systemic-risk regulator, saying there's "no other institution - certainly not Congress - with the sophisticated understanding and detailed knowledge to monitor the financial health of the banking firms." Should Congress undermine the Fed, he says, we could face a world-wide collapse of confidence in the dollar. [View news story]
The Fed sophisticated??? These bonehead smart@$$ failures put us into this disastorus position today. They did not see the biggest housing and credit bubble in the history of mankind and they are the go to regulators? What idiocy.
Goldman Sachs (GS) is still on the hook for $21.3B in FDIC (and ultimately taxpayer) guarantees through the Temporary Liquidity Guarantee Program. Coincidentally, the bank expects an end-of-year bonus accrual of $20B. A suggestion. [View news story]
With Housing So Affordable, Time to Go Long Homebuilders [View article]
A great deal of affordability is based on these historically low interest rates. If they change and go up there goes the so called affordability argument. In many parts of the country affordability based on median incomes are not cheap. So do not asume affordability means across every part of the country. some of the 50-60% down areas median incomes to house prices is attractive.
U.S. Running Out of Ways to Cheaply Finance Debt [View article]
Serial spenders will go on until it stops. Kind of like the housing market. All the fraud and criminal activity flourished until the easy money spigot was shut off. Unfortunately the govt has turned to a new piggy bank the FHA to solve all our problems. The same thugs that made this diaster are the ones pumping and hyping that things would be alot worse if not going down this kamakazi course. This is all BS. The govt has gone way to far handing out our money to failures. I say end this shell game now before it really gets bad.
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Latest | Highest ratedBernanke: Higher Gold Prices Reflect Fundamentals, Not Inflation Expectations [View article]
The guy never had a real job in his life. A pampered academic without real world experiences and pressures.
When did he ever pay for health insurance?
Ben Bernanke, Man of the Week [View article]
This is a joke. The man along with greenspinner helped create the biggest baddest credit/housing bubble in world history and he is going to micromanage this disaster?
I gotta classic '74 pinto to sell ya.
Ben Bernanke, Person of the Year [View article]
This award is a perfect display of ignorance
What's Wrong with Making Only the Safest Loans? [View article]
The economy is structurally unsound lopsided in this direction. it will be painful process to unwind this economy to a more balanced consume/save economy---service/mfging.
These derelict political appointees and politicians will not make the right decisions to correct the ship. more of the same non-sense gojng on here until the next devastating crisis hits and forces change once and for all.
Stocks Are Still Undervalued [View article]
1990 prices were pretty damn good too. It must place a great deal of emphasis on interest rates. Today interest rates are distorted and manipulated so maybe sois his model?
A major flaw in this model maybe
Where Is Gold Headed? [View article]
We are all doomed until the revolution and overthrow happens. The govt is absolutely broken. Just look at the FHA. They blatantly allow non-economic loans and losses to pile up on taxpayers all in plain sight and noone will stop it.
Where Is Gold Headed? [View article]
The Fed continuously enables the politicians to run deficits to pander to special interests groups.
Rail Traffic Slump Rolls On [View article]
Watching Bernanke's tesitimony in front of the senate just confirms his arrogance that he thinks he is so smart and right. This moron could not get it right while working with Greenspan and has been totally wrong on his own.
These smart ass professors have very little real world experiences and are totally out of touch with the realities of Joe 6 pack.
This guy is a total derelict when it comes to rational prudent financial politicies. you and i did not vote for this hired gunslinger. He needs to be fired immediately and replaced with someone that understands that leveraging up with more debt to solve a solvency crisis does not work.
Another Crisis Looms Right Around the Corner [View article]
It's all debt and it has to be paid back unless it is defaulted on.
Whether it be household debt, state and federal debt, financial debt we are levered in all aspects of this economy except corp debt.
Household debt to disposable income is off record highs. In 2008 it was 138%, in 1990 it was 90% and lower than that in the 1980's.
The govt aling with every special interest is making all efforts to prop up asset prices expecially house prices. House prices busted this country along with the lax fraudulent lending that has just started up again with the corrupt FHA.
Entitlement programs will have to be cut and you know what that means....means testing. You save make rational financial decisions you pay for the derelict homedebtor sheeple.
Polticians suck....all of them. What an arrogant group totally out of touch with the big squeeze across america as in health insurance /costs, property taxes, utility/energy and watch the big squeeze in food prices going forward. this will be crippling to our country and the sheeple are going to get real nasty when they are hungry.
Mort Zuckerman backs the Fed as systemic-risk regulator, saying there's "no other institution - certainly not Congress - with the sophisticated understanding and detailed knowledge to monitor the financial health of the banking firms." Should Congress undermine the Fed, he says, we could face a world-wide collapse of confidence in the dollar. [View news story]
These bonehead smart@$$ failures put us into this disastorus position today. They did not see the biggest housing and credit bubble in the history of mankind and they are the go to regulators?
What idiocy.
Goldman Sachs (GS) is still on the hook for $21.3B in FDIC (and ultimately taxpayer) guarantees through the Temporary Liquidity Guarantee Program. Coincidentally, the bank expects an end-of-year bonus accrual of $20B. A suggestion. [View news story]
With Housing So Affordable, Time to Go Long Homebuilders [View article]
In many parts of the country affordability based on median incomes are not cheap. So do not asume affordability means across every part of the country. some of the 50-60% down areas median incomes to house prices is attractive.
David Rosenberg: The Recession May Have Ended, But the Depression Has Not [View article]
U.S. Running Out of Ways to Cheaply Finance Debt [View article]
Unfortunately the govt has turned to a new piggy bank the FHA to solve all our problems. The same thugs that made this diaster are the ones pumping and hyping that things would be alot worse if not going down this kamakazi course. This is all BS. The govt has gone way to far handing out our money to failures. I say end this shell game now before it really gets bad.
Eliot Spitzer on How Geithner Was Fleeced by Wall Street [View article]