At big-ticket dinners, a blunt Bernanke sounds theme of low rates

http://www.reuters.com/article/2014/05/16/us-usa-fed-bernanke-insight-idUSBREA4F0OG20140516

 

Very interesting article. Thanks for posting.

 

We got a little of Bernanke's insight without forking over 250K.
"Bernanke doesn't expect the federal funds rate, the Fed's main benchmark interest rate, to rise back to its long-term average of around 4% in his lifetime."
"Bernanke said the Fed aims to hit its 2 percent inflation target at all times, and that it is not necessarily a ceiling."

 

$250k to rub that bald head for good luck

 

This is great news!

Only Elite Trader Members can afford the inside scoop!

 

According to Bernank, interest rates will be low for decades, this means fixed income volumes will continue to plummet, Fixed income revenues at banks are doomed. Laid off traders, galore.

 

From the looks of it, the stock market is becoming a momentum trading market. All of that money has no other place too go. Stocks are starting to behave like it were the 90's.

 

Interesting but not surprising.