Categories

Login Status

You are not logged in.

Polls

Is Facebook overvalued at $40/share?

View Results

Loading ... Loading ...

Calendar

July 2017
M T W T F S S
« Oct    
 12
3456789
10111213141516
17181920212223
24252627282930
31  

Oh no, increasing rates?

                Bernanke gave a late speech Thursday night saying the Fed was ready to raise rates if necessary.  Talk about a 180 from last he talked in public.  I guess something scared him shitless, and that something was talks around the world of a collapsing dollar.  The consequence of his speech so far has been positive for the dollar.

                Lately however, talk is cheap and actions are what matters to investors.  The stock market heading higher is a clear indication that Wall Street doesn’t believe Bernanke, and frankly, neither do I.  The housing market is still in shambles as builders beg government officials to keep subsidizing new purchases of home.

This content is restricted to site members. If you are an existing user, please login. New users may register below.

Existing Users Log In
 Remember Me  
New User Registration
*Required field

Comments are closed.