I know. Today was the inauguration of Barack Obama, the 44th President of this great United States of America. It was also Martin Luther King’s birthday. I would love to celebrate also. Seriously…I would. But on this day, $3 billion of new debt was created. On this day, Ben Bernanke printed another $3 billion. On this [...]
Archive for the 'Bernanke' Category
BEN IS VERY HAPPY
AND YOU THINK 0% INTEREST RATES ARE GOOD?
Father-son talks are always difficult, but it was time to teach my teenager about how things work. I dragged him to our local branch of Wells Fargo and opened a checking account with ATM card privileges and a savings account where he deposited his hard-earned umpiring cash. Having worked on Wall Street for 25 years, [...]
12/13/2012: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST
JUST LETTING YOU KNOW As I started my radio show today, I heard that John Boehner was on his way to the White House from Capitol Hill to speak with Barack Obama about coming to some sort of agreement on the Fiscal Stiff…gosh I feel so much better. Now ladies and gentlemen, the good news [...]
12/12/2012: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST
JUST LETTING YOU KNOW I Hope I Am Wrong Today was a Fed Day. At 12:30 PM, the Federal Reserve announced what they were going to do with monetary policy and afterwards from 2:30 to 3:30 there was a question and answer session. Now I must tell you. I wouldn’t spend a second watching Ben [...]
11/30/2012: GARY ON NATIONALLY SYNDICATED INVESTORS EDGE RADIO BROADCAST
JUST LETTING YOU KNOW What For? I’ve been telling you for awhile that the same hacks on both sides of the aisle come on tv and say the same crap. These are the same people that caused the problem. I was watching a Repubi-con on TV today who was asked a direct question: “So sir, what [...]
AHHH..MR. BUBBLE IS RELENTLESS…TRYING TO STOP BLEEDING IN THE MARKET
I cannot wait until he either resigns or is fired. Enough with this “on-purpose” manipulation of markets. His only goal is for markets to go higher. I wish he would just shut the hell up. People being killed in bond funds past couple of weeks…brought to you by Mr. Bubble. Read this: Federal Reserve Chairman Ben [...]
MARKET NO LIKEY THE CON GAME
“The sea was angry that day my friends, like an old man trying to send back soup at a deli” George Costanza To set the record straight, the market didn’t just top out in the past few days. The market had been topping out for weeks as more and more stocks and sectors started breaking [...]
I HAVE BEEN SAYING THIS FOR MONTHS ABOUT YIELD REACH!
Some investors are pursuing the safety of federally insured deposits. Others are dissatisfied with low nominal and negative real returns and are moving further out on the risk spectrum in their zeal for yield, regardless of whether they understand the additional risk they are incurring. In a speech at Jackson Hole, Wyoming, in late August, Federal [...]
THE MAN IS NUTS! THE NEXT COUPLE OF YEARS WILL PROVE IT…UNFORTUNATELY!
Ben Bernanke has launched a staunch defence of the US central bank’s aggressive monetary easing amid attacks on the policy from officials around the world. The head of the Federal Reserve rounded on critics of the policy, which has prompted accusations that he has sparked a global “currency war” that risks destabilising emerging market economies. The Fed’s [...]
GREAT STUFF ON MR. BUBBLE
Earlier this year, as the markets were expecting QE3 from one Fed meeting to the next, I was stating another program would not come until September after data for Q2 GDP could be analyzed. However, as we moved into August, and the markets were rallying strongly on “hope” of further balance sheet expansion programs, I moved my [...]
