It's amazing how most people commenting here would prefer the US economy tank...Easy money hasn't even started flowing in... Oh. yeah, that starts this Friday, right...I can hear helicopters flying...look there, it's cash...catch it quickly! Ah, yes, Helicopter Ben! Here he comes!
People can have different opinions and mutual respect, as the fed directors voted, for example, but these people here....perhaps they should check out how much some famous perma-bears are invested....they would conclude they are heavily invested!
Joking aside, Bernake is doing all he can. He is very cautious, but if needed he will do QE3 and more. Given his jobs mandate and that inflation is low to non-existing, he is doing it right. Of course, people that look at commodity prices see inflation, but that is just speculation. QE2 hasn't even started yet. It just starts this Friday (tomorrow). People (banks, funds, corporations etc) who sell their bonds to fed will have cash and have to decide what to do with it...With low bond yield, most will go to plain cash reserves, but some will go to stock market, and others will go into more lending (banks) or more investing (companies)...
Sources say all Google (GOOG -1%) employees will receive a 10% raise, on top of a $1K holiday bonus, citing an internal memo from CEO Eric Schmidt. The raise will cost about $1B, but Google says it's worth it to plug staff defections and retain the "brightest, most capable group of this size ever assembled." [View news story]
The $1B comes from Henry Blodget's miscalculations. Think for yourself 10% of 23K (jobs) * average_salary (most jobs are young low paying adwords sales) is closer to $100-200m then $1B.
Few could have anticipated that Ben Bernanke would (apparently) reverse an economy rapidly spiralling out of control, and still get so little credit. [View news story]
Oh. yeah, that starts this Friday, right...I can hear helicopters flying...look there, it's cash...catch it quickly! Ah, yes, Helicopter Ben! Here he comes!
People can have different opinions and mutual respect, as the fed directors voted, for example, but these people here....perhaps they should check out how much some famous perma-bears are invested....they would conclude they are heavily invested!
Long
Few could have anticipated that Ben Bernanke would (apparently) reverse an economy rapidly spiralling out of control, and still get so little credit. [View news story]
Joking aside, Bernake is doing all he can. He is very cautious, but if needed he will do QE3 and more. Given his jobs mandate and that inflation is low to non-existing, he is doing it right. Of course, people that look at commodity prices see inflation, but that is just speculation. QE2 hasn't even started yet. It just starts this Friday (tomorrow). People (banks, funds, corporations etc) who sell their bonds to fed will have cash and have to decide what to do with it...With low bond yield, most will go to plain cash reserves, but some will go to stock market, and others will go into more lending (banks) or more investing (companies)...
That's the QE2 lesson of the day :)
Sources say all Google (GOOG -1%) employees will receive a 10% raise, on top of a $1K holiday bonus, citing an internal memo from CEO Eric Schmidt. The raise will cost about $1B, but Google says it's worth it to plug staff defections and retain the "brightest, most capable group of this size ever assembled." [View news story]