What’s Bad for Bernanke Is Worse for You
Bad day for stocks, Monday. A bad day. Not a terrible day. Not a crash day. Just a bad day.
The Dow fell 140 points. This was baaaad…because it shows that the stock market does not really buy Bernanke’s storyline.
You’ll recall that when we left off last week, Ben Bernanke assured the world that while the recovery was not exactly what he had hoped for, he nevertheless had the situation in hand. He said he had the tools necessary to fix the problem and would do whatever was required.

Category: Commodities Tags:
Bernanke Interview On The Economy Spoof
Federal Reserve Chairman Ben Bernanke talks about the overall state of the economy. He also talks about housing prices and an overall outlook.
I made this video cartoon with Xtranormal's site. I made this other one on the stock market too.

Category: Fundamental Analysis Tags:
FED and BOJ Losing Investors Focus
Investors continue to test the Fed’s resolve. Is helicopter Ben overly optimistic on his economic outlook? And if so, what is he going to do about it? Yesterday’s equity and bonds reaction is telling us that there is little he can do if policy makers have got it wrong. The Fed, similar to the BOJ is entering ‘no-mans land’. Markets are turning their back on Shirakawa’s emergency lending facility expansion. Even direct yen intervention is futile without the ECB and Fed’s complimentary actions. This week focus on the details.
Friday Appears to be 1 Day Wonder
Showing how even when markets are mostly in 1 direction they remain difficult to make money in, Friday's dead cat bounce in retrospect did little other than scald bears who were pressing. As I review the news flow and time stamps Friday, it seemed very strange to see such a strong rally based on (a) a negative reaction to Ben Bernanke's comments initially [the market sold off post 10 AM] and (b) Intel's pre-announcement on earnings.

Category: Fundamental Analysis Tags:
Bernanke Hallucinating
If Fed Chairman Ben Bernanke honestly believes what he said at Jackson Hole on Friday — that he can save the economy by printing more money and buying more bonds — he’s hallucinating.
Through the first quarter of this year, he printed $1.5 trillion of paper money and promptly bought $1.5 trillion in mortgage bonds, government agency bonds, and Treasury bonds.
But the entire effort was a dismal failure; the U.S.

Category: Fundamental Analysis Tags:
Why We May Already Be in Recession
Fed Chairman Bernanke did not put forth a very convincing argument
First let’s look at the trend.
After an unusual four straight quarters of negative growth in the severe 2008-2009 recession, the recession ended in the September quarter of last year when GDP managed fragile growth of 1.6% for the quarter, and then improved to 5.0% growth in the December quarter.
It was understood that much of that growth was temporary, fueled by government spending, and spending by consumers provided with government bonuses and rebates, as well as temporary rebuilding of inventories by businesses.

Category: Fundamental Analysis Tags:
The Downturn and the Large Deficits are Due to Alan Greenspan and Ben Bernanke
Bernanke Pledge on Economy Gives Some Relief to Oil Prices
Oil Market Summary for 08/23/2010 to 08/27/2010
Oil prices recovered some lost ground Friday after Federal Reserve chairman Ben Bernanke said the Fed stands ready to do whatever it takes to support economic recovery.
The benchmark West Texas Intermediate October futures contract gained 2.5% on Friday, settling at $75.17 a barrel and wiping out losses from the beginning of the week.

Category: Fundamental Analysis Tags:
U.K. Pound Higher in Currency Trading
Sterling gains in forex trading
Sterling is making solid gains today in currency trading on the FX market. The U.K. pound is strengthening on improved economic news, and the fact that Britain's economic position seems less precarious than the U.S. position.
U.S. Dollar Mixed in Forex Trading
Currency trading with the U.S. dollar
The U.S. dollar is mixed in forex trading on the currency market today. The U.K. pound is moving higher against the U.S. dollar right now, as is the Japanese yen. The yen's strength comes in spite of the latest move by the Bank of Japan to expand its quantitative easing program in an attempt to slow yen appreciation.
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