Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
I'm not saying Bernanke was wrong in his approach to saving the economy, but I hang with seniors and there has been a consequence to their bottom lines. They are not all so rich that it hasn't affected them. Little things matter a lot - a trip to see grandkids, taking a friend out for their Medicare day - little things that people decide to save on that come from that inconsequential (to others) spare change in the bank.
Just keep in mind that if your're at the site for more than 90 seconds, your electronic device's IP address will be logged via NSA and stored in the appropriate file at the Utah facility. For shorter time frames, the site/system will presume one stumbled upon the site or had a mis-direct. A second visit will be recorded, regardless.
Wait till his twitter account gets hacked. He'll need more than the Fed. governors for help.
Tremendous discussion this morning with former Fed official Kevin Warsh on CNBC. "Virtually all guilds have a certain degree of group think, the economics profession is not immune to that - what troubles me is that we do not call attention in the ways to which the group think could be wrong."
"The Fed's policies changing based on what happens on the ticker... The Fed should be thinking 3 to 4 years ahead."
@Old_Joe, No I live in the States. I have visited Europe in the past and they are different than US for sure. They sure like their 6 week paid vacation and 30 something work hours, but there is a downside to all these stuff.
Comments
Regards,
Ted
http://www.marketwatch.com/story/bernanke-i-didnt-throw-seniors-under-the-bus-2015-03-30/print
On the blog: "Comments are welcome, but because of the volume, we only post selected comments."
Oh yeah, because of the volume you're being selective posting comments.
Wait till his twitter account gets hacked. He'll need more than the Fed. governors for help.
Regards,
Ted
"The Fed's policies changing based on what happens on the ticker... The Fed should be thinking 3 to 4 years ahead."
http://www.zerohedge.com/news/2015-03-31/former-fed-governor-admits-market-controlling-fed-very-dangerous-development