Posted on 05/10/2013 8:09:02 AM PDT by whitedog57
Fed Chairman Ben Bernanke was nervous as he answered questions at his speech in Chicago today.
“In light of the current low interest rate environment, we are watching particularly closely for instances of ‘reaching for yield’ and other forms of excessive risk-taking, which may affect asset prices and their relationships with fundamentals,” Mr Bernanke said.
I was waiting for questions or hints as to if or when will take their foot off the monetary accelerator, but NADA.
Global sovereign yields rose across the board this morning (except for Greece).
The dollar is rising …
while commodities plunged this morning (look at gold!).
Little reaction in the stock market.
Like EF Hutton, when Bernanke talks, people listen.
the money printers are getting ink poisoning
Yes, because the markets are completely, totally manipulated. Should the Chinese land on the coast of California with a force of some 10 million troops (with 290 million in reserve) with air cover, artillery, helicopter gunships and a vast network of informants in place, the DOW Industrials would rise some 200 points that day.
You forgot “I spent my entire academic career studying the Great Depression and...”
The stock market is addicted to the fed. I like hearing that the dollar is up and commodities are down. Maybe we can go a week without inflation at the grocery store.
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