StreetSweeper

Bernanke Just Lost A Lot Of My Respect

Ditto, that one, buddy! But who pushed them to do it...? Big business or big politics? (Perhaps both?)

What The Fed Said vs. What The Fed Meant

Said:
We need to do this to save the economy and financial sectors.

Meant:
Somebody has twisted our arms and we have to look like fools, spur inflation, and watch the dollar drop.

Bernanke Blinks - And Suffers Credibility Hit

Ooops, your political leanings are showing. It's not that John Kerry has become Ben Bernenke, it's more that Ben Bernenke has become a George Bush. Either he was forced to make the cut or he is inept. In either case, the dollar weakens more, U.S. esteem suffers, inflation looms in the future, and the buck stops with him and his decision.

Respect The Fed's Knowledge On Economy

Ben's complete turnaround from his previous stance of not being bullied by the market and his fear of inflationary pressures just does not add up. If he wasn't pressured by someone I would be greatly surprised. As to believing that government leaders are infallible and know more than the general public...would you say that also extends to the present administration?

Fed Rate Cut Buys Time, But Problems Loom

Why the turnaround? He was so against it just a few weeks ago. What caused the reversal? Does anyone believe the Fed wasn't pressured to do this? Big business or big politics?

Fed Comes to Rescue After Promising It Wouldn't

Shouldn't we just expect that Ben knows what is going on better than us common folk? I mean, he's in that position because he is qualified and has risen above others to attain it. Much like our president. They know what is best for our country even if it means destroying the village to save it.

The Fed Tries to Save the Economy.... And Everybody Loses

Agree, we are all to pay the piper after this dance is over. It is curious why Ben reversed his staunch position against a cut and being "bullied" by the market. The unanimous decision to cut so deeply in favor of a short term benefit that encourages a longer term inflationary trend and weakened dollar makes little sense unless the Fed was heavily pressured by someone. But by who? Big business or big politics?

The Fed Cuts Rates By 50bp: Now What?

Yet another clear-eyed writer who sees through the fog of financial euphoria. Ben's decision was an about-face from the Fed's previous stance. Why were the cuts unanimously agreed to by the Feds? We all will end up suffering in the long run for the rate cut as the dollar falls even further and more inflationary signs begin to emerge.

Nanny Benny Comforts All With Short-Sighted Rate Cut

Bravo!! You are one of the few analysts who see the error in Ben's ways. The real question must be asked who influenced the Feds (unanimously, no less!) to cut the rates so drastically and completely reverse their thinking about inflation? Who, indeed?

Bernanke's Bold Move: Shades of Greenspan - WSJ

Ben still chose to cut the rates whereas Alan fears emerging inflationary signs. Were the cuts bold? Certainly. Would Greenspan have done the same...I think not. Bernenke's choice smacks of outside pressures rather than the conservative, rational approach he was advocating only a few weeks ago. Perhaps a .25% cut to appease the financial sector, but .50%?! Somebody rattled some cages to get a unanimous decision from the Fed to cut so drastically. But who?

Is the Fed Curbing Inflation With Silence?

It doesn't take a proclamation from the Feds to verify inflation. Plenty of other sources have shown the trend in that direction. Rather than make excuses for their dramatic turnaround in policy, perhaps we should be asking who forced them to make the cuts and who would be the beneficiaries.

Fed Surprise Demands a Re-Evaluation of the Markets

As an investor, the cuts were fantastic! As a citizen concerned about more than today, something about the Fed's reversal stinks to high heaven.

Bernanke Blinks

Aha, and exactly what power was held over Ben's head to force him to reverse his previous caution about inflation and make the drastic cuts? I'd love to have been a fly on the wall during that meeting!

The Fed's Abrupt About-Face

"Damn the torpedoes...", shouted our bold, daring Ben as he slashed his way through the waves of caution to engage the credit foes. Such a dramatic turnaround one might attribute to outside pressure. Hmmm, who would threaten the future economy with inflation in order to come off looking good? Not Ben. Two choices; big politics or big business.

iPhone Price Cut Causing Trouble For Apple

"Until Apple works it all out..."
The recent announcement that Apple has already sold a million iPhones at a price range of $500 to $600, sort of nullifies your concerns over reasonable prices. People still bought them. Now by lowering the prices, he guarantees huge sales figures for the next two quarters. As for the technology not being advanced, ah...what handheld do you have that matches the functions that the iPhone offers? It is ranked as the fastest selling handheld of all time with the fastest increasing market share. Let us in on exactly what you think "is going on in that company," the suspense is killing me.