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#1
Old 11-16-2009, 01:00 PM
Virgil Caine
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Default Official Ben Bernanke speech before the Economic Club of New York thread

I know this is a highly anticipated event here on the BS lounge.

Post and request links here, and also feel free to engage in blow-by-blow discussion.
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#2
Old 11-16-2009, 01:04 PM
Virgil Caine
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For the record, Bernanke is ****. The guy's seemingly got the depth-of-knowledge of the preface of a bourgeoisie introductory economics textbook. Also, FYI his policies are sure to drastically depreciate the value of the dollar (they call it 'quantitative easing,' look it up).

Last edited by Virgil Caine; 11-16-2009 at 01:37 PM..
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#3
Old 11-16-2009, 01:20 PM
Virgil Caine
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Seems that this link is a winner:
http://www.cnbc.com/id/24494689
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#4
Old 11-16-2009, 01:21 PM
Virgil Caine
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#5
Old 11-16-2009, 01:30 PM
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ABOLISH THE FED!!!!


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#6
Old 11-16-2009, 01:40 PM
Virgil Caine
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Ben has brought up the spectre of forcing banks, through accounting reform, to put bad debt on there balance sheets, despite the "potential" hardship; however I see this as politically inexpedient and therefore as not happening.

Further, he's also raised the spectre of forcing banks to lend to "credit-worthy borrowers," which (if we are to take Japan as any sort of lesson) could be a grave mistake in that it may deepen the bad-debt problem by forcing loans to underperforming firms.

Last edited by Virgil Caine; 11-16-2009 at 02:38 PM..
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#7
Old 11-16-2009, 01:43 PM
Virgil Caine
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"Jobless recovery;" more like inflated statistics.

Last edited by Virgil Caine; 11-16-2009 at 02:38 PM..
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#8
Old 11-16-2009, 01:45 PM
Virgil Caine
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A gift from The Last Emperor LOL! - jakkups Happy birthday homey - mangler Cocktail hour - mangler Sip this wine - mangler more drank - MANGLER 
Thanks for the stream dude. - Naps Happy Birthday! I hope you have a wonderful day - Bossy one of boxingscene's best posters - Freedom. Happy Holidays Nodogoshi - !! AI-Holmes!! Happy holidays bro! - led* 
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Another note; he mentioned that non-auto consumption grew. I read today that non-auto/non-petro consumption did not.
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#9
Old 11-16-2009, 01:46 PM
Virgil Caine
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A gift from The Last Emperor LOL! - jakkups Happy birthday homey - mangler Cocktail hour - mangler Sip this wine - mangler more drank - MANGLER 
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Quote:
Originally Posted by -veteran420- View Post
ABOLISH THE FED!!!!


No arguments from me, however I don't consider such a thing to be feasible given the political state.
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#10
Old 11-16-2009, 01:48 PM
Virgil Caine
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Total Points: 447,095,997,577,087.44
A gift from The Last Emperor LOL! - jakkups Happy birthday homey - mangler Cocktail hour - mangler Sip this wine - mangler more drank - MANGLER 
Thanks for the stream dude. - Naps Happy Birthday! I hope you have a wonderful day - Bossy one of boxingscene's best posters - Freedom. Happy Holidays Nodogoshi - !! AI-Holmes!! Happy holidays bro! - led* 
10 years... impressive :beerchug: - jose830 Congrats on 10 years. - deanrw To a well-read member - -Weltschmerz- No Message - Run 
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Quote:
Originally Posted by Kirin Ichiban View Post
No arguments from me, however I don't consider such a thing to be feasible given the political state.
Seriously, how the **** did this guy ever get in such a position for a Bush-era appointment?
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