Friday, February 04, 2011

BERNANKE SPEAKS

"A wide range of market indicators supports the view that the Federal Reserve's securities purchases have been effective at easing financial conditions," he said in his remarks.

Critics of the Federal Reserve have recently railed on Bernanke and his colleagues for continuing a policy known as quantitative easing, which pumps $600 billion into the economy. They say the economy is starting to improve, and easy-money policies will only spur long-term inflation to accelerate.

A recent surge in gas and food prices and uprisings in the Middle East, have only made cries from the Fed's critics grow louder.

But while Bernanke recognized rising commodity prices, he mostly shrugged off questions about global food and energy inflation as a problem largely confined to the emerging economies and other parts of the world.

"Right now, inflation overall -- including food and energy prices -- is quite low in the United States, quite lower than any other industrialized country," he said.

2 comments:

Anonymous said...

http://market-ticker.org/akcs-www?post=179153

No wonder Dylan was thrown out of CNBC. If you look back in history to the 1970 we had massive commodity inflation then also. Guess which country had food riots in 1977? Egypt? Ding ding ding! You are a winner!

But going off the gold standard in 1971 and printing money had nothing to do with inflation and food riots at that time. I swear. Completely coincidental.

http://market-ticker.org/akcs-www?get_gallerynr=1090

Thats cotton. I guess its also coincidence that all the stupid third world economies suddenly started buying everything cotton right around the time Bernanke came out with his Jackson Hole speech. Thats a complete coincidence. Nothing to do with QE2.

http://market-ticker.org/akcs-www?get_gallerynr=1093

Same with corn. Must be the gluttonous Mexicans. all wanted to eat corn as soon as Bernanke announced QE2! Its always supply/demand you know.

Hahahahahhahahha. This is going to end so well!

Marc R said...

Well we know it probably wont end well,lots of folks say dont fight it, BUY US STOCKS....that will work until it doesnt and all have forgotten 2008?

Well, lets manipulate the data, put lying ben on the big screen....at same time warn on debt ceiling...OF COURSE they will RAISE it....again and again...long term yields rising again...bulls will say on GOOD ECONOMIC DATA..