Since Tuesday afternoon’s Fed Open Market Committee announcement, the S&P 500 Index has fallen more than 6%, with the Dow dropping 391 points today. Tomorrow is not likely to better. New claims for unemployment remain over the soul-crushing 400,000 level. The stock market isn’t the economy, but it is an important indicator of business confidence. [...]
Posts Tagged ‘Federal Reserve’
Where is the leadership in Washington?
- Posted in Blog, Home
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- Tags: Fair Tax, Federal Reserve, jobs, regulations, stock market
Bernanke Putting America in a (Jackson) Hole
This morning, Fed Chairman Ben Bernanke delivered a key speech on the health of the U.S. economy in Jackson Hole, Wyoming. Putting aside his laughable understatement of,“…it is clear that the recovery from the crisis has been much less robust than we had hoped,” Bernanke did make one important point in his talk. Bernanke was [...]
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- Tags: Ben Bernanke, Courage, debt, Federal Reserve, QE3, spending
Is gold money? Bernanke and Ron Paul debate
If you haven’t seen what took place today, spend a few minutes and see the exchange between Congressman Ron Paul and Federal Reserve Chairman Ben Bernanke. Gold closed at $1600/ounce yesterday, so people, at a minimum, value it more than money. Now we have talks by the FED of another round of Quantatitive Easing (QE3). In [...]
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- Tags: Ben Bernanke, Federal Reserve, gold, Ron Paul
