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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: stockfiend who wrote (63425)6/12/2006 10:29:56 AM
From: Tommaso  Read Replies (2) | Respond to of 110194
 
It's already become fashionable to bad-mouth Bernanke in every way possible. Either he is too easy--or too tight; too rigid--or given to flip-flopping; too intellectual--or too plainspoken.

Almost nobody likes a bear market, and Bernanke will be blamed for it. The financial TV chanels especially hate bear markets because they fear it can cost them viewers and cost the anchors their jobs. Most people they bring in hold positions that largely depend on the financial markets doing well.

Every one of these people is likely to make Bernanke the most convenient scapegoat. They will try to boo him off the stage. Bush will probably try to pressure him to quit, but unlike Bush's other appointees, he has no legal power to fire him.



To: stockfiend who wrote (63425)6/12/2006 12:41:15 PM
From: mishedlo  Read Replies (1) | Respond to of 110194
 
If the Fed could control the economy we would never have a recession. If the BOJ could control Japan's economy Japan would not have had an 18 year deflation.

It is silly to think the Fed has all this power over the economy.

Mish


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