Stocks Trade in Tight Range; Investors Waiting for Bernanke to Speak
U.S. stock indices are trading in a tight range overnight as investors await testimony before the House Financial Services Committee by Fed Chairman Bernanke. Expectations are for Bernanke to talk about the state of the employment situation as well as addressing whether more financial stimulus is required.
Bernanke's Burn Notice -- Why Now? Research Reveals Insight Into Fed Chairman's Popularity
Like a spy who gets a burn notice, Federal Reserve Chairman Ben Bernanke has suddenly lost his support.
Bernanke has gone from being Time magazine's Man of the Year in 2009 to … what? A Fed chairman embroiled in a controversial reconfirmation process before U.S. Congress. Why the sudden turnaround in his fortunes?
Ashraf Laidi Interview Outtake - FOMC & Obama's State of the Union
Let’s talk about sentiment.
Last week was the worst market week since March 2009. Similarly, the three-day decline from Wednesday through Friday was the worst three days since March 2009. The market is now officially in the red for 2010. And the persons we’ve identified as market props (Bernanke, Geithner, etc) are now beginning to come under intense fire for their actions.
“Your Rules Don’t Apply to Me,” Said the Spoiled Child
There have not been this many bank failures since 1992 and the Savings and Loan Crisis. This number is nothing compared to the over 8,000 banks that failed during the Great Depression, but it seems like the failures have been coming at us with more force lately. The irony about all of this important information is that no one seems to be talking about it.
Raise Rates or to Not Raise Rates: That Is the Question
The cover of Barron’s reads: It’s time to raise rates, Ben. Ben Bernanke, the Federal Reserve Chairman, is supposed to be an expert on the Great Depression. He wrote his thesis on the topic. Therefore, right now, if he is making any kind of connection to his research, he has already determined that raising rates is not even on the table.