Topic: US Outlook if/when Bernake retires? - page 2. (Read 1863 times)
Sooner or later they're going to have to jack up the interest rates or risk rampant inflation. Right now, I think the Fed is still far more worried about unemployment than inflation, but it's bound to happen eventually. I'm kind of surprised he's still buying assets at such a rapid rate, personally.
2:06 PM FOMC Economic Projections: 2013 GDP growth estimate is cut a hair to 2.3-2.6% from 2.3-2.8%, but is boosted in 2014 to 3-3.5% from 2.9-3.4%. The unemployment rate forecast for 2013 is trimmed to 7.2-7.3% from 7.3-7.5% and in 2014 to 6.5-6.8% from 6.7-7%. 14 out of 19 FOMC members see rate hikes beginning in 2015 (4 see hikes before then). [U.S. Economy, Breaking News, Top Stories]
2:01 PM FOMC Announcement: No changes to the $85B per month in asset purchases and the committee stands ready to increase or decrease the level as necessary. Downside risks to the economy and the labor market have diminished since the fall. [Breaking News, Top Stories, U.S. Economy]
2:01 PM FOMC Announcement: No changes to the $85B per month in asset purchases and the committee stands ready to increase or decrease the level as necessary. Downside risks to the economy and the labor market have diminished since the fall. [Breaking News, Top Stories, U.S. Economy]
She is considered the 'dovest' of the Federal Open Market Committee, thinks inflation is good and of no concern, and wants to focus on the Fed's unemployment mandate. So, more cheap money and bad policy.
The faces may change, the policies will remain the same just under some new names
The federal reserve is a private central bank, do your research folks, nothing will change as long as currency is in the hands of private interests, this is why everyone is beginning to like Bitcoin so much.
The big banks have already hedged for this event, bought the appropriate stooges, and will continue to make money hand over fist.
Note that the market may dive and swoon, go sideways, or go up. But, it won't matter, because the small investor will get raped, and the banks will make money anyway.
Meanwhile, the value of the dollar will continue to go down, you will pay more at the pump, pay more for groceries, etc.
Same old song and dance.
Note that the market may dive and swoon, go sideways, or go up. But, it won't matter, because the small investor will get raped, and the banks will make money anyway.
Meanwhile, the value of the dollar will continue to go down, you will pay more at the pump, pay more for groceries, etc.
Same old song and dance.
meet the new boss, same as old boss
Mr Money Printer aka Helicopter Ben will be sorely missed. Besides him who else will be helping to print out money in such quantities? I guess the markets will start to panic when he leaves.
Not going to happen. Banks feel entitled to cheap money now, it will be incredibly difficult to wean them off.
http://www.flickr.com/photos/expd/7177571788/lightbox/
http://www.flickr.com/photos/expd/7177571788/lightbox/
Hopefully this isn't out of order.
I read today that Obama noted on a recent interview that Bernake was ready to step down or otherwise not continue to be the federal reserve chairman here in the US - http://hosted.ap.org/dynamic/stories/U/US_OBAMA_BERNANKE?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2013-06-18-11-53-05
With a little bit of digging , it seems that Janet Yellen is on tap to replace him. I'm curious about what impacts this could have on bitcoin and the markets as a whole. She has stated in a few reports I've dug up that she does not want the US to go the way of Japan with low interest rates which lead to stagflation. It could be a good sign for longer term US economics, however there would be a huge shock if the US went from the artificially low interest rate we have now to real market rates (4% to 6%)
I read today that Obama noted on a recent interview that Bernake was ready to step down or otherwise not continue to be the federal reserve chairman here in the US - http://hosted.ap.org/dynamic/stories/U/US_OBAMA_BERNANKE?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2013-06-18-11-53-05
With a little bit of digging , it seems that Janet Yellen is on tap to replace him. I'm curious about what impacts this could have on bitcoin and the markets as a whole. She has stated in a few reports I've dug up that she does not want the US to go the way of Japan with low interest rates which lead to stagflation. It could be a good sign for longer term US economics, however there would be a huge shock if the US went from the artificially low interest rate we have now to real market rates (4% to 6%)
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