Bernanke Approval Rating

Bernanke gave his second speech last Wednesday voicing his pessimism regarding the state of the U.S. economy. After his speech, people were left with mixed emotions on whether there is any worth to his words and if he (and the FED) will ever make this attempted recovery successful. So we are taking our own approval rating...

Are Bernanke's tactics right for this economic state?

View Results

Loading ... Loading ...

59 thoughts on “Bernanke Approval Rating

  1. The government forgot the mantra: it's the jobs, stupid.

    For all that is needed in the infrastructure: dams, electric plants, roads, airports etc., few funds are flowing from the printing presses.
    Yet that is our problem: unemployment, loss of jobs, decay of infrastructure, etc.
    Where are our bullet trains?

  2. Never knew so many people were financially ignorant, guess that is why the country is in such bad shape.
    After all we have the most financially ignorant Barney Franks taking care of business.

  3. I think that Bernanke knows excatly what he is doing. He is trying to avoid a depression and instead guide us into a 20 year recession simialar to the Japanese experience. Depressions are the root of world wars and of county disolutions - think the French revolution, Nazi Germany, communist takover in Russia, US independence from Britan - all occured in a depressionary environment(hyper inflation is a deflatinary event).

    Debt must be eliminated. Slow or fast. We will not be out of this untill the debt is gone.

  4. I voted yes,but not overwhelmingly so. I would have preferred it if the Fed wasn't so accomodative to poorly run banks. However, the Fed has become the little Dutch boy, always trying to plug the holes in the dike from unpatriotic laws and policies of Democrats and the Republicans. It took years for us to be in this mess and if the Lord Jesus Christ tarries, it will take years for us to attempt to straighten things out.

  5. Ben's vision of how Mayberry should work is not working out too well. Even
    though the people in Mayberry now don't eat, use energy or ever get sick they
    still worry about the inflationary increases in the price of toilet paper.
    This is just a "Temporary Anomoly with Tornado Like Winds". Opening up the
    Strategic Cesspool Reserve should ease the price a bit.
    His most famous quote still holds today and that is:
    "Regular pumping of the monetary supply and the use of IMF plumber's snakes
    will eventually bring energy prices under control as long as large institutional
    effulents don't back up in the system. The formation of any foul smelling
    Treaury Notes could create a deep cesspool of radioactive securities resulting
    in a new round of "hocus pocus" easing."

  6. IT WILL COME A TIME IN AMERICA WHEN WE RUN FOR OUR LIVES IN THIS COUNTRY BECAUSE OUR MILITERY WILL BE FIRING ON US.IT IS GOING TOO HAPPEN.THE AMERICAN PEOPLE ARE BEING SOLD OUT FOR A LONG LONG TIME!!ITS ONLY A MATTER OF HOW LONG WE LET IT HAPPEN.WHEN WE STAND UP AND FIGHT FOR THE CHANGE THE SHIT WILL HIT THE FAN..PEOPLE FORGET (CARBINE, ATTICA,AND BLACK PANTERS,ECT.OUR GOVERMENT BUILDS A BLACK HALK HELACOPTER EVERY 3 HOURS,WHY DO WE NEED ALL THESES HELACOPTERS? WE HAVE 1,500 PLUS UNDERGROUND CITIES ALL THROUTH OUT THE UNITED STATES PROTECTED BY THE MILTERY BUILT UNDER OUR NOSES,AND KEPT FROM US,ASK YOURSELVES WHY?THEY TREAT YOU LIKE MUSHROOMS FEED YOU SHIT AND KEEP YOU IN THE DARK! THE REASON WHY YOU EXIST IS TO SERVRE PAY AND DIE.PEOPLE WHY NOT TAKE A DEEP LONG LOOK IN YOUR HEARTS AND FACE IT,WHO WANTS TO PAY TAXES,YOU CAN NOT TAKE YOUR 401 MONEY OUT UNTIL YOUR RETIRED,YOU PAY TAXES ON LAND YOU BOUGHT YEARS AGO OVER AND OVER AGAIN.THEY KEEP INCREASING IT CHOCKING YOU AND YOU KEEP MAKING IT SEEM ALRIHT. THE BABY BOMERS ARE GOING TO RETIRE IN THE NEXT 5 YEARS,GUESS WHAT THERES NO MONEY,FOR THEM ITS ALL I O U S, THATS THE SAD PART,THE MARKET IS GOING TO FALL AGAIN AND THEN THE BLAME GAME WILL FIND ANOTHER EXCUSE? AMERICA IS FINISH,AND IF YOU THINK YOUR PROTECTED YOUR WRONG,LOOK AROUND OPEN YOUR EYES SEE HOW THE SMALL PROBLEMS ARE BEING HANDLE,THEY KEEP TAPEING THEM UP.THE STOCK MARKET IS GOING TO FALL TO 500 BEFORE YOUR EYES.ITS ALL BORROWED I O U S FROM PETER TO PAUL.THE SHELL GAME.401 S, BONDS,BANK SAVINGS,AND CD S ALL I O US,.ALL AIR A PEACE OF TREE MADE INTO PAPER,PRINTED,MADE TO GIVE PEOPLE HOPE.ITS DESCEPTION,TRICKY,LIES,THE DEIVIL,HIDING DEEP IN THE EARTH,GIVING THE ORDERS. GOOGLE (UNDER GROUND CITIES)MAYBE YOU WILL SEE THE BIG PICTURE!!

  7. Ha ha,

    most the people do not get it. They sit there blaming bernanke. Wake up to your effing self.

    it is not bernanke, he is just a minion, a messenger boy taking orders from the top. When are people goign to learn. The elite are running this country, not bernanke, dont get angry at him, you are waisting your time.

    The real criminals are the ones who did this to us in the first place, so do not waist your time on people like bernankes.

    Adam, wake up brother, I cannot understand why you posted this, i thought you were smart?

    oh well.

  8. He is not a stupid man, he knows what is happening and going to happen further down the road. Saying as little as possible or averting away from the truth has always been a tactic to prevent widespread panic. America is in trouble. They've max out their credit card! At some time, it'll be time to pay the piper. Hard assets will have value, kiss the US dollar good buy. Gold will prevail and wouldn't be surprized if confiscation comes back. The economy will stuggle for the next 5 to 10 years as the baby boomers retire, and the next generation kicks up the pace.

  9. If some day residents of america ask fed to sell gold reserve from fort to fill the gap of debt, that days will prove all votes right lol.As they is no gold,no job,only paper

  10. When I read these comments I see people justifying their believes; not analyzing the problem to determine a solution. If you believe it's all gov't's fault and Big Business can do no wrong ....
    All I can say is; who sent all the US jobs and plants to China?
    The opposite of gov't is no gov't and that's not a business utopia it is anarchy...
    Take any country that in effect no longer has a gov't and you have anarchy; the mob rules or at least the gang with the biggest guns... look at parts of Mexico, Somolia or Afganistan...

    Before the Great Depression there were almost no taxes and no gov't debt, but the Great Depression still happened.

    Revise history all you want to suit your beliefs.. but if the solution is simply less gov't and give the rich and powerful more riches and power at the expense of the average working joe, then Canada, Finland, Sweden, Germany are all socialist states by comparison, but why are they doing reasonably well
    and why are the biggest foreign buyers of housing in the US the Canadians.

    Wake up. You guys have been brainwashed and you don't even know it. Big corporations and the rich pay no taxes to help anyone. They take but do not give and they don't give a shit about you except if you're hungry you will work at any job for any pay and be thankful. It's the banks and the rich and big coporations that look after themselves. Notice I don't include small business in there they struggle like you and deserve tax breaks. British Petroleum and GE pay nothing.

  11. Bernanke is an example of how people form academia do not understand the harm they are causing the people of this country. He is ruining the money that people in retirement have and is only worrying about a bunch of rich bankers and politicians. If he doesn't know or believe there is major inflation out there he is an IDIOT.

  12. He was wrong (as well as all the others) in the beginning. Bail outs are not the way to stop this contagium. With near to 0% interest rates what is there left to do next time??? Theres nothing yet to stop the same scenario happening again if the fed will bail every Important one out. He is right now to some how let people know its not over. He has to do it gently to give people time to adjust. One of the problems is itself the disease of needing to have economic growth in the first place.

  13. As a trader it doesn't matter to me that the dollar is collapsing in fact I love it and am making A pile shorting the buck, and buying the other majors it's never been easier,my advice to you all is to stop whingeing you can make a pile in this market I figure a market collapse is on the cards and have sold call options and bought puts in anticipation of it as qe2 comes to a close, also, I have made a pile in asian and s.american markets buying the trending indexes with etf's the trend sure is your friend so jump on it and take advantage of a chance in a lifetime' or regret it for the rest of your life.The fed cannot help anyone but the greedy banks and wall street liars...join me and i'll see you in happy land good trading......Big Betty Hunt.

  14. It looks like we need another world war.It worked the last time, this would also help reduce the overpopulation on the planet and create more employment...

  15. ZEB, the FED is not part of the Government. In fact it is a private cartel of banks, it has a mandate from the GOVT, it is neither Federal, nor does it have Reserves.

    The FED is not the first US Central bank either, it is the third or fourth. The US and EU would do just fine without a Central bank.

    For a history of FED Reserve ( this current one) there are several great books written by both academic and private historical researchers. My favourite is The Creature From Jekyll Island: A second look at the Federal Reserve, Griffiths I think is the spelling of the author....

    In that book you will see how ultimately, Bail outs and rolling over of interest rates are the name of the game for Central banks, as is devaluation of currency. Happy Researching!

    'Controversy about the Federal Reserve Act and the establishment of the Federal Reserve System has existed since prior to its passage. Some of the questions raised include: whether Congress has the Constitutional power to delegate its power to coin money or issue paper money, whether the Federal Reserve is a public cartel of private banks (also called a banking cartel) established to protect powerful financial interests, and whether the Federal Reserve's actions increased the severity of the Great Depression in the 1930s (and/or the severity or frequency of other boom-bust economic cycles, such as the Late-2000s recession).'

    http://en.wikipedia.org/wiki/Federal_Reserve_Act

  16. Imagine a doctor who is trying to cure a sick patient who has been sick for thirty years. This is a metaphor for what Mr. Bernanke is trying to cure. Our U.S. dollar is devaluating because we have allowed those who do business in the U.S. to devalue the American worker. What happens when these entrepreneurs get fetishes about who to include and who to exclude start to affect our economy? Individuals who have borrowed hundreds of thousands of dollars to go to institutions of higher education who aren't given an opportunity because the employer dislikes their race, religion or American nationality. These individuals then begin to default on their obligations and other countries (i.e. China) buy U.S. debt. Our country needs full employment, Mr. Bernanke is simply trying to bandage a wound which needs sutures.
    Thank you Mr. Bernanke, your tremendous efforts in managing the economic policy of the U.S. are greatly appreciated. It is not Mr. Bernanke who is to blame, it is American corporate policy who is the cause of this economic ailment.

  17. Bernanke is only concerned about covering tracks for Goldman Sachs cronies. Finacial industry has 5 lobbyists for every congressman in DC. That's why wall st. criminals can walk around without impunity after pulling off the biggest heist in the history of the world.

  18. Stop the out of control spending and higher taxes...Enforce our laws on illegal immigration. Less regulation on business, and the United States of America will get back on track... in turning the American economy around. We need responsible elected leaders in Washington D.C.

  19. The fed QE1 and QE2 has devalued the dollar and drove up prices of commodities and goods, which we all will have to pay more. The only benificiaries are the banks who got money to invest in the markets thereby inflating stocks and commodities. Not good for the average American, not good for recovery.Already the economy is coughing on the inflated prices.The policy will only sicken, not cure the economy.

  20. Hey He;s doing great.to all these Ahole republicans remember who put us into this mess. republican greenspan and dumbass george why sre you republicans so stupid and always in denial? bc theres a little sociopath in all of youuuuu

  21. Mr. Benanke is executing as an economist in control of a financial institution. Hard to figure out how an economists can handle finance (and the results do not bode well so far).

    To all... This is obviously a very emotional subject. The Federal Reserve is an integral part of the US government, and there will be considerable pain of unknown intensity to remove it (after so many years). While I believe Mr. Bernanke is misguided, the gold standard, fiat money, debt, inter-relatedness of the global economy all weigh on the decision of what to do. There will be and are all kinds of un-intended consequences of the suggestions put forward here; as there are with the misguided policy of QEI and QEII.

    There is no simple answer, and everyone who gets so emotional, needs to step back and ask what are the consequences of the gold standard? What are the consequences of no liquidity in the banking system? If you are sure you know, then vote. If you can admit you don't know, say so. And I know I don't know; but it seems obvious that whatever has been done by the Obama admisnistration has not helped in the way intended.

    I wonder... If the question is not more along the lines of Who do you think is receiving nearly all the benefits of pool of liquidity created by the Federal Reserve with QEII? If the answer is "the Banksters", then ask how could We the People reach in and tax it? Most of you are cognizant, I'm sure, of the need for tax reform. Of course, the gold standard argument often comes (not always) from the Tea Party. They also don't want taxes raised on BIG BUSINESS. Unless they are recommending default on US debt, the debt built up under Bush and Obama has to be dealt with, and Greece's problem looks like a molecule in the ocean compared to the US debt problem.

    There is another puzzling question: at least for the Bernank. Why haven't jobs been created in the US with all the money from QEII? What do you readers know about the flow of those funds to Europe?

    Of course, from my perspective, Helicopter Ben should have dumped money from the helicopters; as he said in jest. That way the money dumped would have been gathered and spent by the people, and the money would not be tied up in banks' investments somewhere. Of course Bush already tried dumping money before he left, and it did not stimulate anything. Hmmm, but he did not dump trillions did he? I wonder if tax refunds of $tr$$$ would have stimulated anything? I'll have to think about that.

    Finally, I will leave everyone with this. Who are the rich? How do you define "rich"? Consider this. What is too big to fail? The answer to that is the rich, and they are paying the least taxes I'll bet. Suppose Suppose We, the People, decide to tax them. What happens then?

  22. The mess of the US indebtedness is not the responsilibty of Mr Bernanke!

    The Fed is the ultimate wall against the street. And try to find out who is responsible for such an amount of debt.

    And don't forget that a low dollar is very profitable to the US denominated industrial production!!!

    Stop all the wars and the debt will disappear

  23. Bernanque wrecked is brain trying to solve a problem that existed 82 years ago in his PHd thesis and is now incapable of escaping this experience. So he may have been trained well in hypothetically solving a problem of THE PAST ... the great depression (yes throwing money out of helicopter was tried in Germany earlier). By creating a present negative interest rate environment he exarcebates immensely the problems so many folks no longer save or earn interest in Government instruments. The problem first showed up when Hank Paulson told the lap dog to "jump" and to accompany him to his visit to China (anyone remembers the impact it made? 🙂 Rather than showing real independence of the FED's and saying "NO" to keep an arm's length relation ...and rather than to ensure the worth of a $1 (and prevent future inflation) Bernanke now sees the FED as having a primary goal of getting the nation to full employment. THIS IS WRONG. Bernanke should go back to teach for a living...if you cannot do then go teach.

  24. The FED has ABSOLUTELY NO CONNECTION to the Federal Government. It is a Private Corporation WHOLLY OWNED by the Participating BANKS, MOST of which are FOREIGN! Read "The Creature from Jeckle Island" to fully understand the FED and to see that what I have said is TRUE.

  25. People will never know until quite a few years have elapsed and we can have the magnifying glass of hindsight. I do think he could have kept things from getting as bad as they did when the economy fell off the cliff in 2008. Raising rates probably was the best thing to do in the year before that happened, which he did not do. But when things got really out of hand (partially his doing by sitting on his thumbs as he watched the cliff getting closer), I think he absolutely kept us out of a very bad depression with much worse unemployment and runs on banks...Hoping that his thumbs are in plain view at this very critical juncture as time is short for him to do something more definitive than watching the next cliff as it approaches...

  26. I dont think that it is as simple as yes or no. I think that Bernanke is using the only tools at his disposal. Nobody wants the pain that is going to come. So in the short term he is doing all he can to keep this ball of wax going. But in the long term he is only prolonging a major adjustment that is going to affect all of us profoundly.No adminstration wants the bottom to fall out on their watch and this one is no different.I see a lot of talk on the tv and internet about people wanting the fed to leave it alone and let this thing fall as it may.But if the market crashes over the summer and peoples 401k's start getting hit hard I bet you will see that sentiment change very quickly.If that should happen those that are shouting now will not be so quick to criticize a third round of goverment interjection in the markets.

  27. Mr. Carol Ferguson hits the hammer exact on the nail. Pity that not many people understand this. To all readers and the world : please read and investigate. A good start is for instance some books from "Global Research" or other serious sources. If the people of the world understands why we have all these problems and crisis, here will be a solution. If you do not want to know, as most, you will end in poverty as many other people in many countries experienced in history. Heavy stuff I wrote, but I am afraid it is the hard truth.

  28. Mr. Bernanke is doing the best that can be done, given the circumstances. A country is similar to an enterprise, full employment of resources, including human is necessary. For generations the commercial class in the U.S. has been seeking excuses not to fully utilize the nation's human resources. Now a quarter of the population has to live from transfer payments. Here we have it in a nutshell. The commercial class of the U.S.A. has devalued the available human resources of the U.S.A. in favor of human resources of other countries, what else can be done by the Fed but to follow suit?
    Thank you Mr. Bernanke your efforts are greatly appreciated

  29. His QE2 doesn't seem to solve the money liguidity issue and pump more unnecessary cash into our financial system that promotes inflation.

  30. Ben is like a trader locked into a bad trade and refusing to cut his losses, only in this case he's hurting our account not his.

  31. Bernanke's not that bad. It is Paul Ryan, et al that is doing his damndest to put us in "Great Depression II". We are on extremely shaky ground now because the percent of the national income "earned" by the top .01% (That's one person in ten thousand) is this year able to claim a full 5% of the national annual income. The last time we had wealth disparity that great was in 1928, right before "Great Depression I". Paul Ryan et al have been bought and paid for by this .01% and are chosing to push for tax cuts and tax stability for the wealthy even in the face of the lowest tax rate on the rich since the beginning of Great Depression I and in the face of record budget shortfalls.

    Even Adam Smith, that great Free Markets economist was in favor of a progressive tax.

    Similarly, Vivienne Brown stated in The Economic Journal that in the 20th century United States, Reaganomics supporters, The Wall Street Journal, and other similar sources have spread among the general public a partial and misleading vision of Smith, portraying him as an "extreme dogmatic defender of laissez-faire capitalism and supply-side economics".[107] In fact, The Wealth of Nations includes the following statement on the payment of taxes:
    "The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state."[108]
    Moreover, in this passage Smith goes on to specify progressive, not flat, taxation:
    "The rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion"[109

    http://en.wikipedia.org/wiki/Adam_Smith

    Real economic growth comes from ROI, not merely from capitol investment. You have to do something or make something to build an economy. Right-Wingers like to point to Capitol Investment, but it is good ideas, good processes, and good engineering that are the irreplaceable parts of economic growth. These come from Economic Stability and heavy public investment in areas where private companies are not incentivised to invest. Public transportation infrastructure to make commerce possible, policing and rule enforcement bodies to make commerce fair, and most importantly, public education to discover how to build the raw stuff of commerce.

  32. Hi Carol,

    I said your exact words at lunch today! We must be soul sisters or something!

  33. Could someone give the Taliban Mr B's home address? They want to sent him a thank you card. He has done more to destroy America than they could ever hope to accomplish.

  34. Bernanke's tactics are right for the banking stock holders of the Federal Reserve bank, a privately owned bank.

    Are they right for the U.S. economy? Who cares, since his interests are to protect the Fed stockholders AND to advance the New World Order and all that goes with it.

    I am reminded of a quote from one of John Stormer's 1960s book: "Treason is in season, but if it prosper none dare call it treason..."

  35. Ben always have open positions before he gives speech so he already knew what to say to go in favor of his position so he can win big money!He is really F-ed up!

    -Edited by MarketClub

  36. Why is everyone so worried about money? We don't have money anymore! we are just passing around IOU's. Besides I hate to inform you but what is going to happen will happen--- I don't care what Bernanke does. We are not really in control here no matter what anyone thinks. No matter what the dollar does the sun will come up tomorrow so remember that no matter what happens- breathe-. Enjoy the people in your life, enjoy nature, and smile. Those are the things that really count.

  37. Bernanke holds a PhD in Economics and was a Professor at Princeton University! However, he displays no basic knowledge of Economic Principles. One is: "You CANNOT create WEALTH from DEBT". Another is: "You CANNOT ELIMINATE a recession/depression by printing money". The economic adjustment process MUST take place sooner or later. Any attempt to prevent it will only prolong it. Now Bernanke is finally discovering that he has converted a one-year severe-recession/depression into a possibly 10 year sickly economy, just like Japan did. The Austrian School of Economics spells this principle out very clearly, but obviously, not surprisingly, Bernanke has never heard of it; just like he told a Congressional Committee that he DID NOT KNOW why the price of gold was going up, even though the Federal Reserve has custody of the U. S.'s 8133 metric tons of gold reserves!
    Of course, Bernanke is not the only culprit. Greenspan started the attempt to "...print our way out of a depression..." He has just continued it and made it a lot worse and will probably continue to get even worse!!

  38. I voted YES. This is a case of keep your enemy closer. We know what he's about......so act accordingly! I, for the life of me, can't believe the amount of massaging of info and what I perceive as gross gov't/large financial mismanagement. Damn the destruction, let them fail! Get rid of the parasites, and really clean house. Off topic, bring NA soldiers home, (yes I'm aware of protecting ones interest and influencing sphere) let the rest of the world have at each other but spend some of the savings on home security. Since what the US has tried, so far, and failed? admit it and try another tactic? I can't imagine the cost of being the self proclaimed world police!? Interesting how the UN is just out of sight when physical action is decided on! Enough

  39. Our economy will not recover until Brenanke stimulates the consumer buyer. Business does not product with out demand, this is whats missing consumer participation.

  40. Why did't they just give us americans all those trillions of dollars wasted away . That would have really stimulted the economy .

  41. Bernanke represents the Federal Reserve which is the central bank of the United States. It owns the currency of this nation. It issues Federal Reserve notes to the citizens of this country. The value of those notes can be determined at any time by the Federal Reserve. Should the Federal Reserve decide to lower interest rates so that savers do not get a return, or bail out Too Big to Fail cartel banks, or buy Treasury bonds, or provide liquidity to foreign banks, is up to those who control the Fed. It isn't for us to decide. It is something that we should accept, according to the Fed. However, should you choose to protest these behaviors, and buy gold & silver... Well that is something that will be looked at very closely. Very, very closely. We're all in this together anyway. Just go along with whatever the fed does. It's for the recovery.

  42. I´m not a US citizen so my comment may sound unacceptable, but may be we all can learn something about other people experience. This time I just couldn´t keep in silence.
    I live in Perú, a southamerican country that lived through terrorism and hyperinflation in the 80´s. The president that started the 180 degrees change in 1990 is now in jail -if that´s fair or not is not the case- .
    We had to devaluate our currency and the head of Economics Affairs told us on TV that night : "Let´s God protect us"... that hurt... really hurt... but now our country is growing...sure we have cooper, gold, silver, iron, natural gas, wood, crops and others and obviously nobody wants to get hurt but we did it (like it or not it´s already done) and are actually a healthier country, I think. We all want it to get better but at least we have started.
    My family´s wealth (we were a family owned factory)was wiped out, but not because of the "medicine" applied to my country, but because we were not flexible enough to ride the wave of changes.We were not ready. Now I´m on the road again on my own but certainly am worried, so I´m trying to learn as much as possible and keep my eyes on how things develop around the world. Wish you all the best.
    PS. Sorry if my English is not good enough.

  43. LOCK HIM UP THROW AWAY THE KEY, STOP THE PRINTING PRESS, DEFAULT ON MONEY OWED TO FEDS, LOCK ALL OF THEM UP. RETURN TO GOLD STANDARD

  44. The United States has its debt denominated in US dollars, the more it devalues the dollar, the less it has to pay the countries that lent to it. It's robbing the lenders, but it's easier than the US having to pay off what it really owes.

  45. The Fed is just another arm of the Gov't. And Gov't can't and never will fix anything because it only gets in the way of the free market and can be the creator of the problem most of the time. The Free Market must be left alone to correct itself. Our economy is DIDO of the 1930's. Just go back in history and study what happened then and you will see the now repeating. The best thing that could happen may hurt a lot but would be for the Gov't to completely step out of the way. Also lower taxes and spending both would help bring companies back to the US and expand. Everything will fix itself it is that simple.

    DOW hit just below the Yearly R2 pivot and reversed. Now looking for the Yearly PP 11k to be hit. Also the DOW looks like one big H&S on a Monthly chart 1/01 LS, 10/07 H, 5/11 RS. I love all TA and think we live in such interesting times so we shall see what we shall see. I can only pray the downside does not work out because it would be devestating. Follow the pivots and triangles to be safe.

  46. I beleive Bernanke is doing everything he can to satisfy the dual mandate.The problem is the dual mandate, monetary policie and employment should be seperated their interests are conflicting.The federal reserve should mantain monetary policie king dollar and the government should create or eliminate policies that support the economy &job growth.Until this happens the economy will keep waffling.

  47. Bernacke may have worked in construction and waited tables as a young man, but IMHO he knows nothing about how much private enterprise runs the country. He is so brain-washed by Washington politics he thinks creating employment is creating another Govt. job.
    Sad state of affairs.

  48. Bernanke is a very mixed bag. He was clearly derelict in the time leading up to 2008. In the wake of the crisis he has been right to push liquidity into the system. Unfortunately, the most important tools that are needed here are the fiscal not monetary tools. There is such a deficit in the private sector that the government has to make up the difference. Instead, the government is pulling back.

  49. The FED is a cartel of private bankers,looking out for their own interests
    let's abolish the FED altogether and get back to the
    gold standard. Bernanke is simply the FEDs puppet, mouthpiece
    nothing more...

Comments are closed.