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November 10, 2007 at 9:11 AM in reply to: Mr Bernanke how does Inflation work with the new global market? #98243November 10, 2007 at 9:11 AM in reply to: Mr Bernanke how does Inflation work with the new global market? #98249
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ParticipantWii… so fun. Can’t wait to play GH3.
Back on topic, it seems to me BB in his background of the Great Depression and Keynesian Economics, and his words/actions, is more concerned about keeping banks soluble, rather than the keeping dollar that banks hold worth anything.
November 10, 2007 at 9:11 AM in reply to: Mr Bernanke how does Inflation work with the new global market? #98252ParticipantWii… so fun. Can’t wait to play GH3.
Back on topic, it seems to me BB in his background of the Great Depression and Keynesian Economics, and his words/actions, is more concerned about keeping banks soluble, rather than the keeping dollar that banks hold worth anything.
November 10, 2007 at 9:05 AM in reply to: Dow Drops to 13042 at week’s end. Let’s make bets and discuss at next meet up… #98173ParticipantWho knows in this market anymore. We could rally from here, or not stop until we hit 11,000. It was exactly a month ago yesterday that we hit the all time high of 14,164, now we’re 1000pts down.
I think Black Friday retail sales results will be viewed as indicative of the consumer’s strength, and IMO it’s not good.
Another rate cut, might produce another one day rally, but year end reporting is probably going to be dismal.
November 10, 2007 at 9:05 AM in reply to: Dow Drops to 13042 at week’s end. Let’s make bets and discuss at next meet up… #98239ParticipantWho knows in this market anymore. We could rally from here, or not stop until we hit 11,000. It was exactly a month ago yesterday that we hit the all time high of 14,164, now we’re 1000pts down.
I think Black Friday retail sales results will be viewed as indicative of the consumer’s strength, and IMO it’s not good.
Another rate cut, might produce another one day rally, but year end reporting is probably going to be dismal.
November 10, 2007 at 9:05 AM in reply to: Dow Drops to 13042 at week’s end. Let’s make bets and discuss at next meet up… #98246ParticipantWho knows in this market anymore. We could rally from here, or not stop until we hit 11,000. It was exactly a month ago yesterday that we hit the all time high of 14,164, now we’re 1000pts down.
I think Black Friday retail sales results will be viewed as indicative of the consumer’s strength, and IMO it’s not good.
Another rate cut, might produce another one day rally, but year end reporting is probably going to be dismal.
November 10, 2007 at 9:05 AM in reply to: Dow Drops to 13042 at week’s end. Let’s make bets and discuss at next meet up… #98248ParticipantWho knows in this market anymore. We could rally from here, or not stop until we hit 11,000. It was exactly a month ago yesterday that we hit the all time high of 14,164, now we’re 1000pts down.
I think Black Friday retail sales results will be viewed as indicative of the consumer’s strength, and IMO it’s not good.
Another rate cut, might produce another one day rally, but year end reporting is probably going to be dismal.
Participantesmith are you actually contending prices are generally lower today than they were 5 years ago?
You’re joking right? You can’t look at technology based prices drops and use that as a basis that inflation is curbed…unless you’re the FED. For health-care most people have probably had increasing premiums through their employer sponsored program. And food, you been the store lately? The FEDs core inflation is a joke.
Participantesmith are you actually contending prices are generally lower today than they were 5 years ago?
You’re joking right? You can’t look at technology based prices drops and use that as a basis that inflation is curbed…unless you’re the FED. For health-care most people have probably had increasing premiums through their employer sponsored program. And food, you been the store lately? The FEDs core inflation is a joke.
Participantesmith are you actually contending prices are generally lower today than they were 5 years ago?
You’re joking right? You can’t look at technology based prices drops and use that as a basis that inflation is curbed…unless you’re the FED. For health-care most people have probably had increasing premiums through their employer sponsored program. And food, you been the store lately? The FEDs core inflation is a joke.
Participantesmith are you actually contending prices are generally lower today than they were 5 years ago?
You’re joking right? You can’t look at technology based prices drops and use that as a basis that inflation is curbed…unless you’re the FED. For health-care most people have probably had increasing premiums through their employer sponsored program. And food, you been the store lately? The FEDs core inflation is a joke.
November 9, 2007 at 7:28 AM in reply to: “There’s no housing bubble . . .” – Ben Bernanke, 10/27/2005 #97638Participant“…a moderate cooling in the housing market, should one occur, would not be inconsistent with the economy continuing to grow at or near its potential next year.”
That’s a big fancy way of saying housing could plummet, or do nothing at all, and the economy and it’s potential or dismal. In other words he says absolutely nothing.
The FED has become a group of disconnected politicians like Congress, except that they have no opposing party, so regardless of the outcome of their decisions, they blow sunshine and slap each other on the asses.
“He says the Fed got it right after that boom by cutting its benchmark rate deeply in 2001..”
We’ll see if he says that in 3 years…
November 9, 2007 at 7:28 AM in reply to: “There’s no housing bubble . . .” – Ben Bernanke, 10/27/2005 #97699Participant“…a moderate cooling in the housing market, should one occur, would not be inconsistent with the economy continuing to grow at or near its potential next year.”
That’s a big fancy way of saying housing could plummet, or do nothing at all, and the economy and it’s potential or dismal. In other words he says absolutely nothing.
The FED has become a group of disconnected politicians like Congress, except that they have no opposing party, so regardless of the outcome of their decisions, they blow sunshine and slap each other on the asses.
“He says the Fed got it right after that boom by cutting its benchmark rate deeply in 2001..”
We’ll see if he says that in 3 years…
November 9, 2007 at 7:28 AM in reply to: “There’s no housing bubble . . .” – Ben Bernanke, 10/27/2005 #97710Participant“…a moderate cooling in the housing market, should one occur, would not be inconsistent with the economy continuing to grow at or near its potential next year.”
That’s a big fancy way of saying housing could plummet, or do nothing at all, and the economy and it’s potential or dismal. In other words he says absolutely nothing.
The FED has become a group of disconnected politicians like Congress, except that they have no opposing party, so regardless of the outcome of their decisions, they blow sunshine and slap each other on the asses.
“He says the Fed got it right after that boom by cutting its benchmark rate deeply in 2001..”
We’ll see if he says that in 3 years…
November 9, 2007 at 7:28 AM in reply to: “There’s no housing bubble . . .” – Ben Bernanke, 10/27/2005 #97716Participant“…a moderate cooling in the housing market, should one occur, would not be inconsistent with the economy continuing to grow at or near its potential next year.”
That’s a big fancy way of saying housing could plummet, or do nothing at all, and the economy and it’s potential or dismal. In other words he says absolutely nothing.
The FED has become a group of disconnected politicians like Congress, except that they have no opposing party, so regardless of the outcome of their decisions, they blow sunshine and slap each other on the asses.
“He says the Fed got it right after that boom by cutting its benchmark rate deeply in 2001..”
We’ll see if he says that in 3 years…
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