Friday, May 24, 2013

Bernanke --- Weekend News

Kliphnote: If the $787 billion economic stimulus package worked 
you wouldn't need  
quantitative easing (QE) 1, 2 and 3. And if QE worked you wouldn't need the Federal Reserve buying more bonds, "QE Forever."
Bonds and cash, money market are at record lows thanks to QE.
And if they all worked the economy would be better, a lot better
Unemployment is at 7.5%, the economy is slow and the US National debt is almost (17 Trillion Dollars) $17,000000000000 and going higher every minute of every day. 
And Obama has no clue but to spend more money.

 

Stocks end at record highs ahead of Bernanke

@CNNMoneyInvest May 21, 2013: 4:22 PM ET
Dow 420 Click for more market data.
NEW YORK (CNNMoney)

Investors pushed stocks higher into record territory Tuesday after comments from a Federal Reserve official raised hopes the central bank will continue to pump money into the financial system.

New York Federal Reserve president William Dudley said the Fed needs to rethink its current exit strategy, although he stressed that it could involve both increasing or decreasing the pace of its bond buying program.

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