Categories
Archive
poiled child botas de mujer ugg
Posted by xin xiu24 on 26. Jul 2016
The Fed chairman botas ugg baratas , Ben
"Helicopter" Bernanke, is in the hot seat now. The markets are once again
focusing on the next meeting of the Federal Open Market Committee (FOMC) set for
Tuesday and Wednesday of this coming week. The Fed is expected to hold interest
rates unchanged at this meeting but is clearly in an uncomfortable position.
Inflation is roaring ahead at serious rates of increase and the Dollar is in
danger of a collapse on forex markets, which would seem to indicate a need for
the Fed to start increasing interest rates. However, increasing interest rates
with a soft economy underway, a badly deteriorating housing market, and
businesses starting to lay off workers at higher rates would probably throw the
economy into a deep recession that the Fed has been fighting hard to avoid.
After all comprar botas ugg baratas ,
this is an election year. Ben Bernanke is an avowed advocate of a more
transparent Federal Reserve and reactionary, anxious markets are the byproduct.
Without the mysterious Alan Greenspan at the helm, the curtain has been pulled
back on the Fed to reveal Bernanke as a clear, direct economist who admits he
has no crystal ball. Ben Bernanke is a super active nanny and he is already
supporting the elite financial interests that have created this speculative
bubble in the first place. Over one trillion Dollars have already been made
available to the banks and the brokerages to protect them from their own
excesses and to attempt to forestall a deflationary rigor mortis. If these bail
out operations had not been taken, if the financial system itself were
transparent, the house of cards would surely collapse on us all and the people
would lynch Bernanke and any other rich jerk on Wall Street and in Washington
that they could get their hands on. Bernanke must not rest well at night knowing
just how fragile the financial system still is. Wall Street's positive reaction
to the appointment of Ben Bernanke is yet another example of how completely
clueless most investors are when it comes to the Fed and the precipice over
which America's economy now teeters. Bernanke's time at the gallows may yet come
as one mistake in policy may send the economy over the precipice whose depth is
a big unknown. Probably the fall will be a long hard one and fairly or not
Bernanke will get the lion's share of the blame. Gold ugg baratas
outlet , historically a reliable harbinger of inflation, this year
set an all-time high of more than $1000 an ounce. The dollar is languishing at
near a record low against the euro and a weighted basket of international
currencies. Housing prices are still falling, actually tanking is a better
description. Gold has gone from $700 to $930 (was $1000), while the dollar has
absolutely tanked with only a few "talk it up" rallies along the way. The
current dangerous level of inflation is not all an oil problem but oil does seem
to be the new punishing force in markets to those governments, like the US, that
let their currencies become devalued. As the Dollar falls the price of oil heads
higher. In a real sense oil prices have taken on the function that the gold
market used to play in keeping governments from running printing presses at full
speed. The more the US debases its currency as swift punishment the higher oil
prices go. Unfortunately botas ugg españa , for the US
and for the world, the US government hasn't yet seemed to be fully aware of this
linkage. Or perhaps it is aware, but the financial house of cards in the US is
so shaky that high speed printing presses running at full capacity is the only
course of action that the government feels that it can take in a misguided
effort to avoid a financial meltdown. High fuel costs are now starting to bite.
Four airlines are out of business, Northwest finally had to merge and United and
all airlines, except Southwest that was smart enough to hedge its fuel costs,
are getting killed by fuel costs and are cutting back on flights and cutting
back on employees. Truckers are getting killed too. A major part of the food and
goods distribution system in the US is near a breaking point as truckers go
broke paying nearly five Dollars a gallon for diesel fuel. But back to Bernanke.
Bush appointed him as Chairman of the Federal Reserve on October 24 bailey
button triplet ugg baratas , 2005 and he was sworn in on February
1, 2006. The chairmanship for the Federal Reserve typically lasts 14 years.
Bush, along with Paulson, have done a lot of talking about a strong dollar
policy, yet the dollar continues to lose value. Talk long ago lost it impact on
markets, except for perhaps fueling short term rallies that professional forex
traders sell into. Hard corrective action is what the forex markets now demand
if the Dollar is to move higher over the long term. Wall Street at first thought
that the Greenspan "put" would just morph into the Bernanke put. Like a spoiled
child botas de
mujer ugg , Wall Street came to believe it could get away with any
amount of bad behaviour without being punished. The indulgence shown by the Fed
became known as the Greenspan "put" - as in a put option which allows an
investor to sell shares at an advantageous price when they have fallen below the
strike price. Like the Wizard of Oz, Alan Greenspan and other central bankers
were hidden behind a non-transparent curtain to evoke an aura of omniscience.
Under Bernanke the curtain has been pulled away, as Bernanke and Trichet are
seen as mere mortals trying to cope with a complicated and contradictory
economic climate. However, Bernanke is now being criticized by taking actions
more designed to bailout Wall Street friends than to bring on lasting solutions
to US financial problems. At least that is how many investors see it. In the
end, Bernanke will likely be the poor guy who is stretched out to be drawn and
quartered as the economy tanks and Wall Street and the Dollar crash. "Bubbles"
Greenspan will be criticized as well as it is his policies while at the Fed
chairmanship that lead to the creation of a major part of the financi.
0 Comment
Comments
Logg inn for å skrive en kommentar.