'Bailout' Bernacke Slammed at Committee Hearing (video)

Discussion in 'Trading' started by achilles28, Sep 21, 2007.

  1. Asking Bernanke to have moral responsibility is like inviting him over for Christmas.

     
    #11     Sep 21, 2007
  2. Why would anyone ask that question, he has absolutely nothing to do with how it is calculated.
     
    #12     Sep 21, 2007
  3. piezoe

    piezoe

    Three good reasons:

    1. He's an economist so he ought to know the answer. He quotes the CPI regularly so it's obvious that its method of calculation is of great interest to the Fed.

    2. The Fed is free to compute inflation as they see fit, so what is their justification for sticking to the official government CPI?

    3. The answer would be of broad interest, since leaving out food and energy is widely joked about. Aren't folks entitled to know what the justification is? Bernanke can't say "because leaving out food and energy cheats entitlements and holders of TIPS, misleads our creditors in a way favorable to us, and benefits Treasury by billions each year." So wouldn't you like to know the "official" reason? I certainly would. :)
     
    #13     Sep 24, 2007
  4. thank you hellicopter ben for lowering rates
     
    #14     Sep 24, 2007
  5. S2007S

    S2007S

    the rate cut was not the way to do it and the economy will realize this over the next 18 months.
     
    #15     Sep 24, 2007
  6. S2007S

    S2007S

    Ron Paul is RIGHT ON THE MONEY...


    Agree 10000000000000%.
     
    #16     Sep 24, 2007
  7. The only reason why a lot of you guys are against the rate cut is cause it cost you money last tuesday. Tons of people here went short before the meeting expecting a post reduction selloff, which never happened.
     
    #17     Sep 24, 2007
  8. S2007S

    S2007S


    Watch as other asset bubbles are created.
    Inflation will become a bigger problem while the dollar continues to drop even further.
     
    #18     Sep 24, 2007
  9. We've been hearing this for years.

    You can keep shorting on the way up and losing money or go long.
     
    #19     Sep 24, 2007
  10. S2007S

    S2007S


    Im long and short all at the same time.
     
    #20     Sep 24, 2007