Showing posts with label Ben Bernanke. Show all posts
Showing posts with label Ben Bernanke. Show all posts
Thursday, October 27, 2022

Fed Chair Ben Bernanke once famously said on 60 Minutes that if inflation ever got out of control they could raise interest rates in 15 minutes

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 The first Fed rate hike under Powell came in March when inflation was already way out of control, and Americans began loading up their char...
Monday, October 10, 2022

Ben Bernanke wins Nobel Prize in Economics for 495 bank failures under his leadership as Federal Reserve Chair Feb 2006-Feb 2014

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    The 495 failures were a huge improvement over the 9,000 bank failures during The Great Depression of the 1930s, his specialty of study i...
Wednesday, July 6, 2022

This is as good a day as any to remember that Ben Bernanke's Fed under Obama bailed out the banksters and hung 6.5 million homeowners out to dry

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 Bloomberg, August 21, 2011, here : Fed Chairman Ben S. Bernanke’s unprecedented effort to keep the economy from plunging into depression ...
Thursday, April 9, 2020

Has anyone on the right discussed how Trump and his Fed chair are destroying free market capitalism?

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Of course not. When the right does it, it's OK, see. When the left does it, it's socialism or some damn thing. These suck ups say n...
Friday, September 6, 2019

Just 3,000 full-time jobs created in Aug 2019 as Trump bump runs out of steam

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Full-time increased to 132.156 million in Aug 2019 from 132.153 million in July, an increase of just 3,000.   Average full-time in 2019...
Monday, March 18, 2019

Wow, WaPo's Glenn Kessler almost becomes Rush Limbaugh, doubts Bernie's $1 trillion bailout claim

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If anything, Bernie underestimates the scope of the secret loans during the financial crisis ten years ago. The Freedom of Information Act ...
Monday, August 27, 2018

Martin Wolf for The Financial Times likes business historian Adam Tooze's important new book CRASHED: HOW A DECADE OF FINANCIAL CRISES CHANGED THE WORLD

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See Martin Wolf,  What really went wrong in the 2008 financial crisis? Tooze has been making the rounds at places like Bloomberg  (and...
Thursday, January 8, 2015

On GDP Mish sounds just like Ambrose Evans-Pritchard five years ago

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Here  is Mish in 2015: "Effectively we have borrowed current growth from the future. Looking ahead, growth surprises will be pred...
Sunday, December 7, 2014

NY Times laments "tax uncertainty" over breaks which expired almost a year ago

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As seen at Amazon This is like lamenting that the Bush tax cuts became permanent two years ago. The only uncertainty is for liberals w...
Wednesday, October 29, 2014

Average Effective Federal Funds Rate by chairman of the Fed in the post-war

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William McChesney Martin (15 years)  3.62% Arthur F. Burns (8)        6.49% G. William Miller (2)    9.56% Paul Volcker (9)           10...
Tuesday, May 13, 2014

FiveThirtyEight Economists Assert But Don't Demonstrate Distributional Characteristics Of Great Recession Spending Pullback

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I refer to "Why the Housing Bubble Tanked the Economy And the Tech Bubble Didn’t" by AMIR SUFI and ATIF MIAN, here , where they ba...
Thursday, April 24, 2014

Nothing Else Is Working, So The US Federal Reserve Should Be QEing Gold Instead Of Treasuries

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So said Christopher T. Mahoney, a former Vice Chairman at Moody's, for Project-Syndicate last June, here , just not in so many words: It...
Monday, January 20, 2014

Obama thinks he has achievements, which must mean he is suffering a psychosis

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From the long story in The New Yorker, here , by image-accommodating biographer David Remnick: As Obama ticked off a list of first-term achi...
Monday, January 6, 2014

"Ben Bernanke Has An Almost Unbroken Record Of Being Wrong"

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Bye Bye Ben. Seen here : Ben Bernanke has an almost unbroken record of being wrong. In 2006, at the zenith of the housing bubble, he told Co...
Tuesday, December 31, 2013

John Crudele Of NY Post Still Not Really Sure What The Fed Has Been Trying To Do

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Here  in "Bernanke's rate ploy robs from middle class" John Crudele of The New York Post still can't seem to put two and t...
Tuesday, October 8, 2013

Old Yellen To Continue To Save The Banking System, And Screw The Rest Of Us.

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Here comes Yellen. Woof. The AP announces tonight that The New Bernank is Janet Yellen: Under Bernanke's leadership, the Fed created ex...
Monday, October 7, 2013

Bloomberg's Wrong. Gold Is Actually Fairly Priced Today By 1980 Standards.

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Bloomberg says gold is worth half what it was in 1980, here : After taking inflation into account, gold is worth almost half of what it was ...
Saturday, September 28, 2013

10-Year Treasury Rate Ends The Week At 2.64%

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The 10-year US Treasury Rate ended the week at 2.64%, 43% below the mean level going back to 1871. Despite the best efforts of the US Federa...
Wednesday, September 18, 2013

American Businesses Have Saved $2.8 Trillion In Last Four Years Due To ZIRP

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In the form of lower borrowing costs, according to this story from Bloomberg: America’s companies, from Apple Inc. (AAPL) to Verizon Communi...
Monday, September 16, 2013

Rush Limbaugh: The Big Boob On The Right

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 It's Monday and you know what that means. If Rush Limbaugh is talking about numbers on a Monday he's going to slaughter them. I cou...