When the unemployment rate declines, even by a little bit, it should be good news. But when it declines because people are leaving the workforce in record numbers, it’s not.…
Ben, the Great and Powerful
“Bernanke said, in essence, that he wasn’t a magician.” …
Don’t Worry, Be Happy
“In your life expect some trouble But when you worry You make it double Don’t worry, be happy…” …
Follow The Fed At Your Own Risk
If you think Fed Chairman Ben Bernanke has a firm grasp of the economy, you may change your mind after listening to Bain Capital co-founder Coleman Andrews quoting Chairman Bernanke…
The End of QE?
The Fed’s quantitative easing program has been like that endless tub of popcorn or vat of soda that those with large appetites buy at the theater. It goes on and…
Going For Broke
So The Fed is “all in.” QE3, the third round of quantitative easting, will continue until the unemployment rate drops to an acceptable level. The implication is that buying bonds…
Consumers Might Spend – If They Had Any Money
Bond buying will pump money into the economy and reduce long-term interest rates, which are already at historic lows. Theoretically, this will give consumers a greater incentive to spend their…
Bernanke’s “On the Other Hand” Speech
To the disappointment of many on Wall Street, and to the relief of many in the real world, the Federal Reserve Board did not announce a third quantitative easing program…
Is Everybody Happy?
Forget about growth in GDP, the unemployment rate, inflation, stock prices and all things relevant to money. Federal reserve Chairman Ben Bernanke suggested this week that happiness should be used…
Dog Days Not So Slow
Another near-miss “flash crash,” more European craziness, buzz about more action from The Federal Reserve Board and a stock market that rises along with the unemployment rate … who says…