Loading ...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.
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