Archive for July 21st, 2010
Bernanke ‘uncertain’ of US growth
US Federal Reserve chairman Ben Bernanke has warned that the outlook for the US economy remains “unusually uncertain”.
Feel free to mute your TV for a few minutes, turn off Bernanke, and rock out to The Vapors Turning Japanese. I…
Feel free to mute your TV for a few minutes, turn off Bernanke, and rock out to The Vapors Turning Japanese. It really does rock, and of course it’s timely.
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More Bernanke Fallout: Gold Tanks, Euro Tanks, 10-Year Surges
Hey, the stock market isn’t reacting positively to Bernanke’s too-hawkish testimony, but the strong dollar folks are happy. (Right?)
The dollar is surging, the euro is tanking, the 10-year is at 2.901, and gold is tanking.
KING DOLLAR INDEED!
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“I’d like to able to change channels some days on twitter. Today more earth science and math, tomorrow more economic…
“I’d like to able to change channels some days on twitter. Today more earth science and math, tomorrow more economics. Why can’t I do that?” — good idea from finance guy Paul Kedrosky
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Markets Tank Instantly On Bernanke Testimony
You’d be hard-pressed to find many curveballs in Ben Bernanke’s testimony to Congress, which we published here.
What, did people think he’d say that the economy is awesome, and job growth is proceeding like gangbusters? We suppose the frustration is that he’s being too hawkish, not talking enough about loosening money, but also not saying anything actually good about the economy.
Anyway, look at the steep drop the moment the testimony hit.
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