Article

2011-08-27 Economy

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Posted by Fred 2011-08-27 00:00|| || Front Page|| [11130 views ] Top

#1 Bloomberg headline is,

U.S. Stocks Close Higher on Bernanke Remarks

Posted by phil_b 2011-08-27 00:22|| 2011-08-27 00:22|| Front Page Top

#2 I'm opimistic on the US market. Amazing isn't it, the worse Obama's ratings get, the better the long term market picture becomes. I suspect there is a message in there somewhere.

Posted by Besoeker 2011-08-27 01:09|| 2011-08-27 01:09|| Front Page Top

#3 Well, at least as of yet, no disastrous QE3.

Posted by newc 2011-08-27 03:46|| 2011-08-27 03:46|| Front Page Top

#4 Bernanke won't bring out the QE3 until stocks burn to the ground like housing, or so I believe from what i've read.

Then he will bring out QE3.

But look out we're not out of the woods, the rolling depression still hasn't fully exploded from Europe. Credit default spreads on Euro banks like BNP Paribas have soared...

It's credit crunch mark II and as we've seen it cannot be geographically contained

Posted by anon1 2011-08-27 05:38|| 2011-08-27 05:38|| Front Page Top

#5 bloomberg says the DOW closed UP 148 to 11,279 while the S&P 500 finished at 1175, a rise of 0.5 of a point

Posted by anon1 2011-08-27 05:41|| 2011-08-27 05:41|| Front Page Top

#6 OOPs.. that's the Dow and S&P FUTURES>

BUT Bloomberg also says in its market snapshot the DOW rallied 134.72 to close at 11,284.50 while the S&P rallied 17.53 to end up at 1176.8

Posted by anon1 2011-08-27 05:46|| 2011-08-27 05:46|| Front Page Top

#7 Proof the main thing holding down yields on these stocks is central government inflation.

This government is doing everything it can to avert any economic recovery.

Posted by Bright Pebbles 2011-08-27 08:26|| 2011-08-27 08:26|| Front Page Top

#8 We can't have a Republican-style recovery, BP. It's got to be an Obamacovery - the government-controlled way.

No matter how long it takes...

Posted by Bobby 2011-08-27 08:35|| 2011-08-27 08:35|| Front Page Top

#9 Well, following this plan Chairman Zero would have to be President for life and he still wouldn't see any recovery. Just his donor base would be rich.

http://danieljmitchell.wordpress.com/2011/08/26/an-amazing-indictment-of-obamanomics-banks-that-dont-want-deposits/

Posted by Bright Pebbles 2011-08-27 08:49|| 2011-08-27 08:49|| Front Page Top

#10 Shhh... Don't give him any ideas.

Posted by whitecollar redneck 2011-08-27 12:48|| 2011-08-27 12:48|| Front Page Top

#11 Good lord, BP - that's just what Zero wants....

Posted by Barbara 2011-08-27 13:10|| 2011-08-27 13:10|| Front Page Top

#12 The main use banks have for deposited money is to make loans backed by that money. They (and I) don't believe there are that many reliable lenders around to loan money to. Having deposits that aren't being lent out is either worthless or harmful to a bank.

Posted by Anguper Hupomosing9418 2011-08-27 14:45|| 2011-08-27 14:45|| Front Page Top

#13 Bernanke gave no hints of new central bank stimulus measures in a key speech

Three cheers for Rick Perry.

Posted by g(r)omgoru 2011-08-27 14:46|| 2011-08-27 14:46|| Front Page Top

#14 Rick Perry jabs Bernanke, says "printing more money ... is ~~almost~~ treasonous"

QE3=hyperinflation

Posted by JohnQC 2011-08-27 15:49|| 2011-08-27 15:49|| Front Page Top

#15 Didn't Bernie endorse the regulatory insanity that led to the current catastrophe?

Milton Friedman wanted the Fed replaced by a computer; great idea.

Posted by Jaimble Hupiling9451 2011-08-27 17:18|| 2011-08-27 17:18|| Front Page Top

#16 WOPR? Skynet? Yeah, that'd fix everything.

Posted by RandomJD 2011-08-27 17:35|| 2011-08-27 17:35|| Front Page Top

#17 ominous noises coming out of Euroland.

Prospect of cascading bank failures.

Posted by phil_b 2011-08-27 19:06|| 2011-08-27 19:06|| Front Page Top

#18 http://www.usdebtclock.org/#

Reality therapy lots of luck with that.

Posted by Dale 2011-08-27 19:44|| 2011-08-27 19:44|| Front Page Top

23:08 Pappy
22:34 tu3031
22:29 tu3031
22:27 rjschwarz
22:05 Thing From Snowy Mountain
21:38 Glenmore
21:33 Dale
21:20 Barack Hussein OBambi
21:11 tu3031
21:09 Mike Kozlowski
21:04 USN,Ret.
20:40 Halliburton - Mysterious Conspiracy Division
19:48 SteveS
19:44 Dale
19:24 Dale
19:22 tu3031
19:19 newc
19:06 phil_b
19:05 tu3031
18:58 Thing From Snowy Mountain
18:48 Steve White
18:26 Anonymoose
18:25 Rhodesiafever
18:22 Water Modem