During a speech in Jackson Hole, Wyo., on Aug. 27, Bernanke outlined an effort to spur economic growth, prevent prices from falling and push markets higher through the purchase of government bonds. Since then stocks have soared, the unemployment rate has dropped and Americans have started to spend more.
"It's been a success," says Bill Gross, who manages the world's largest mutual fund at Pimco. Gross had skewered Bernanke's attempt to boost the economy, comparing it to a Ponzi scheme. "It's hard to dispute that since Jackson Hole the market is up around 25 percent."
It may be hard to dispute the market is UP! but I can DISPUTE that to say "unemployment rate dropped" and NOT SAY it was a DIRECT result of people DROPPING OFF THE ROLES.....is a mistatement at best...a lie at worst.
SO NOW the success of any plan to help economy recover is measured in STOCK MARKET PERFORMANCE? doesn't that sound like it came from a Wall Street Insider?
Duratek shut me up?
2 comments:
THATS THE TRUTH!
2 sides of their coin has their picture on it
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