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Keyword: bernake

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  • Ever Wonder What Happened to Turbo-Tax Tim Geitner???: Got Cronies?

    11/16/2013 9:26:51 AM PST · by NOBO2012 · 4 replies
    Michelle Obama's Mirror ^ | 11-16-2013 | MOTUS
    Let's take a break from Obamacare, shall we? Here’s big news: Turbo-Tax Timmy is definitely NOT going to replace the Bernanke as Chairman of the Federal Reserve. My that was good! I wonder what the private sector has to offer? He wanted to make some real money, so instead of just picking up another federal pension he’s going to go to work for Warburg Pincus LLC starting next spring! Right after the release of the book he’s been working on, “How I Saved Wall Street the Whole World from Financial Collapse with Your Tax Dollars.” Butt wait: Warburg Pincus? Aren’t...
  • Economist Caution: Prepare For 'Massive Wealth Destruction'

    10/14/2013 7:05:27 AM PDT · by IbJensen · 25 replies
    Money News ^ | 10/13/2013 | Staff
    Take immediate steps to protect your wealth . . . NOW! That’s exactly what many well-respected economists, billionaires, and noted authors are telling you to do — experts such as Marc Faber, Peter Schiff, Donald Trump, and Robert Wiedemer. According to them, we are on the verge of another recession, and this one will be far worse than what we experienced during the last financial crisis. Marc Faber, the noted Swiss economist and investor, has voiced his concerns for the U.S. economy numerous times during recent media appearances, stating, “I think somewhere down the line we will have a massive...
  • Bernanke probably won't stand for third term at Fed: NYT

    10/27/2012 2:31:30 PM PDT · by opentalk · 11 replies
    Reuters ^ | October 23, 2012
    (Reuters) - U.S. Federal Reserve Chairman Ben Bernanke has told close friends he probably will not stand for a third term at the central bank even if President Barack Obama wins the November 6 election, the New York Times reported. Republican presidential nominee Mitt Romney has already said he would not re-nominate Bernanke if he wins the presidency. Bernanke's term as chairman ends in January 2014
  • Fed Chairman Ben Bernanke Warns Congress on ‘Taxmaggedon’: ‘If You All Go on Vacation...

    06/07/2012 7:09:27 PM PDT · by TigerLikesRooster · 12 replies
    ABC ^ | 06/07/12
    Jun 7, 2012 4:46pm Fed Chairman Ben Bernanke Warns Congress on ‘Taxmaggedon’: ‘If You All Go on Vacation, It’s Still Going to Happen’ The Federal Reserve Board Chairman had a stern warning today for Congress: “Taxmaggedon” is real, it’s coming and only lawmakers can save the nation from falling off this rapidly approaching “fiscal cliff.” “What is particularly striking here is that this is all pre-programmed,” Fed Chairman Ben Bernanke said. “If you all go on vacation, it’s still going to happen, so it’s important to be thinking about that and working with your colleagues to see how you might...
  • Bernanke urges caution in sharp deficit cutting

    02/02/2012 9:50:10 AM PST · by yinandyang · 4 replies
    Yahoo Finance ^ | Feb 2, 2012 | Martin Crutsinger
    -snip- Bernanke told the House Budget Committee that he recognizes that huge budget deficits represent a serious threat to the economy -snip- "I think this policy runs the great risk of fueling asset bubbles, destabilizing prices and eventually eroding the value of the dollar," Ryan told Bernanke. "The prospect of all three is adding to uncertainty and holding our economy back."
  • 'Mini-Stagflation' to Present Big Headache for Bernanke

    08/28/2011 11:15:15 PM PDT · by MontaniSemperLiberi · 18 replies
    cnbc ^ | Friday, 26 Aug 2011 | Jeff Cox
    Federal Reserve Chairman Ben Bernanke used the word “inflation” exactly seven times in this Jackson Hole speech Friday. What he didn’t mention once was inflation’s ugly cousin and its baggage of not only rising prices but also higher unemployment. The prospect of stagflation, indeed, is raising a growing amount of hackles on Wall Street these days on worries that the jobless picture isn’t getting any better and the cost of living—the primary effect of inflation—is rising. Core inflation [cnbc explains] , mainly a measure of price increases not including food and transportation, gained 2.2 percent annualized in the second quarter,...
  • Stocks Recover After Bernanke Predicts US Growth

    08/26/2011 9:55:24 AM PDT · by edpc · 17 replies
    AP via Yahoo News ^ | 26 Aug 2011 | Daniel Wagner
    Stocks rose in afternoon trading Friday after Federal Reserve Chairman Ben Bernanke said the U.S. is on track for long-term economic growth. Bernanke left open the possibility of more action by the Fed if another recession looks likely. But he announced no new economic stimulus measures during his speech at a conference in Jackson Hole, Wyo.
  • UPDATE 3-White House denounces Perry as Republicans target Fed

    08/17/2011 3:53:03 AM PDT · by SkyPilot · 98 replies
    Reuters ^ | 16 Aug 11 | Patricia Zengerle
    * Perry threatens Fed chairman, Bachmann also criticizes * Remarks reflect intense political pressure on Fed * White House says threatening Bernanke "not a good idea" (Adds fresh quotes from Bachmann, Obama, economist) WASHINGTON, Aug 16 (Reuters) - The White House denounced Republican presidential candidate Rick Perry on Tuesday for his threatening remarks toward the head of the U.S. Federal Reserve that represented some of the most inflammatory rhetoric of the 2012 election campaign. Campaigning in Iowa on Monday, the Texas governor said he would consider it "treasonous" if Fed Chairman Ben Bernanke "prints more money between now and the...
  • Bernanke has thrown in towel on economy

    08/10/2011 11:36:58 AM PDT · by Signalman · 27 replies
    CNN Money ^ | 8/10/2011 | Paul R. La Monica
    NEW YORK (CNNMoney) -- Is the Federal Reserve waving the white surrender flag? It sure looks that way. The Fed made the unusual (and unprecedented) move on Tuesday to tell the market in plain English that it intends to keep rates near zero for the next two years! That is disappointing on many levels. First and foremost, it is a crystal clear sign from Ben Bernanke and other Fed members that they think the economic recovery (if one could still call it that) will remain tepid for a long time. That is probably one of the reasons that the post-Fed...
  • Analysis: QE3 may do more harm than good

    07/27/2011 5:20:58 AM PDT · by mlocher · 5 replies
    Reuters via ^ | July 27, 2011 | Natsuko Waki
    LONDON (Reuters) - There may be a point at which global investors get indigestion from U.S. money printing. A fresh round of U.S. monetary easing may even do more harm than good for long-term investors as another flood of easy money into fast-growing emerging economies risks refueling oil and commodity price inflation, sapping consumption and growth. Prospects for a third round of the Federal Reserve's quantitative easing program (QE3) grew this month after Chairman Ben Bernanke said the central bank was prepared to ease further if economic growth and inflation falter again. Nearly in one in two fund managers surveyed...
  • Federal Reserve Lowers GDP, Raises Unemployment And Inflation Projections

    06/24/2011 8:45:43 AM PDT · by radioone · 10 replies
    Zero Hedge ^ | 6-22-11 | Tyler Durden
    The Fed has just taken one small step to acknowledging reality... and Zero Hedge's keyword of 2011: stagflation. The FOMC released its revised 2011-2013 economic forecast, which saw GDP getting slashed, while hiking its inflation and unemployment projections. Specifically, 2011 GDP was lowered from 3.2% to 2.8% even as it raised its average unemployment forecast from 8.6% to 8.8%. Next up: the stampeding herd of Wall Street lemmings follows suit. Below is the consensus 2011 GDP forecast from Wall Street "economists." I.e., from the people who are paid millions each year to maintain the status quo. So much for QE2.
  • Bernanke's Talk Kills Stock Rally (unexpectedly????)

    06/07/2011 4:22:02 PM PDT · by radioone · 10 replies
    NEW YORK—A gloomy economic assessment from Federal Reserve Chairman Ben Bernanke erased an earlier stock rally, sending major indexes in the final minutes of Tuesday's session to their fifth consecutive drop.
  • Ben Bernanke’s Lone Positive Legacy: A Return To The Gold Standard

    05/03/2011 11:50:02 AM PDT · by blam · 6 replies
    TWS - Forbes ^ | 5-3-2011 | Bill Frezza
    Ben Bernanke’s Lone Positive Legacy: A Return To The Gold Standard Bill Frezza - Forbes.comMay 3, 2011 I’ll make two predictions with utter confidence. The first is that one day Federal Reserve Chairman Ben Bernanke will be ridden out of town on a rail, joining Arthur Burns in that special circle of hell reserved for monetary debauchers. The second is that in the aftermath of our pending inflationary disaster we will see the gold standard return. The Federal Reserve long ago lost control of inflation, now ravaging several sectors of our economy. This is obvious to every economist not a...
  • Hacker Group Anonymous Brings Peaceful Revolution To America (going after corrupt Fed)

    03/12/2011 11:05:09 PM PST · by Frantzie · 36 replies
    Zero Hedge ^ | 3-13-2011 | Tyler Durden
    The world's most (in)famous hacker group - Anonymous - known for effectively shutting down their hacking nemesis security firm (with clients such as Morgan Stanley and, unfortunately for them, Bank of America)- HBGary, advocating the cause of Wikileaks, and the threat made by one of its members that evidence of fraud by Bank of America will be released on Monday, has just launched communication #1 in its Operation "Empire State Rebellion." The goal - engage in "a relentless campaign of non-violent, peaceful, civil disobedience" until Ben Bernanke steps down and the "Primary Dealers within the Federal Reserve banking system be...
  • Marc Faber Calls Bernanke A Liar, Thinks US Inflation Is Running Up To 8%

    02/02/2011 10:58:23 AM PST · by Frantzie · 15 replies
    Zero Hedge ^ | 2-2-2011 | Tyler Durden
    Marc Faber is on a roll these days. The Gloom, Doom and Boom report author, who recently made headlines after calling Obama a whore minutes ahead of the president's SOTU address, proceeds to go on a truthiness rampage, and with his now traditional grin, proceeds to call Satan Bernanke a "liar" to the entire CNBC Europe audience. In addition to making his thoughts clear on the topic of inflation (5-8%), he also observes where the Egyptian riots will strike next: "You may not have a problem in Saudi Arabia and in the Emirates, in Kuwait and Qatar, because there the...
  • Jim Grant: "The Fed Is Now In The Business Of Manipulating The Stock Market"

    01/28/2011 5:18:56 PM PST · by Frantzie · 28 replies
    Zero Hedge ^ | 1-28-2011 | Tyler Durden
    Jim Grant, who will never be accused of being a fan of the Criminal Reserve, and whose views on what will happen to asset prices in a printer-happy world are gradually being validated, appeared on Bloomberg TV, telling Margaret Brennan upfront that Bernanke owes the world an apology. Alas, after various revolutions around the world have been catalyzed by Bernanke's policies, we have a feeling that ever more oppressed people will soon see the Printer in Chief as a patron saint of violent revolution, alas against crony regimes fully supported by the US (and hopefully the US will view it...
  • THe FaMiLY iS 100% SaFe (Funny crime family pictures of Banskters and O)

    01/22/2011 7:52:28 PM PST · by Frantzie · 7 replies · 1+ views
    Zero Hedge ^ | 1-22-2011 | William Banzai 7
    Banzai7 News-- Rumors that a special interagency organized crime task force consisting of hundreds if not thousands of Federal agents (aka "Operation Action Jackson") would be targeting financial organized crime this weekend appear to have been totally unfounded. You can take that to the Federal Reserve Bank!
  • End the Fed - Buy Gold and Silver (good video take on 1984 Apple Mac)

    01/02/2011 10:15:58 PM PST · by Frantzie · 15 replies
    You Tube/Zero Hedge ^ | 1-1-2011 | tofumary2 From Zero Hedge too.
  • The Goldman Sack Blows The Whistle On The JP Morgue Silver Manipulation Scheme

    12/03/2010 7:40:59 PM PST · by Frantzie · 53 replies · 1+ views
    Zero Hedge ^ | 12-3-2010 | Tyler Durden
    The Xtranormal bubble is now bigger than even Netflix. And all who have been waiting to understand the JP Morgue silver manipulation scheme explained by cartoon bears, here it is. Also, The Ben Bernank makes a cameo appearance. We recommend having some blood in your alcoholstream before watching this.
  • Little Timmy Warns us About Politicizing the Fed...oh my.

    11/20/2010 5:42:38 AM PST · by CincyRichieRich · 12 replies
    That B-berg site we can't publish | 11-20-10 | Not me
    Go read it.