In May 2014 many of us were shocked by a report that Ben Bernanke, who had recently departed the Fed, told a group of wealthy investors that he did “not expect the federal funds rate…to rise back to its long-term average of around 4%” in his lifetime. I remember feeling Bernanke’s statement represented both extraordinary … continue reading →
Tag Archives: bernanke
ORIGINAL POST: 9:25 AM The EURUSD is still trying to change trajectories (purple channel to red), but hasn’t been able to break out yet. The dollar is similarly facing a change in direction if the red channel can hold. Judging from the futures, SPX is set to react off the neckline and TL we’ve been … continue reading →
PLEASE NOTE THAT MEMBERSHIP RATES ARE SET TO INCREASE ON MARCH 4. * * * * * * * * A new day, a new bounce. As we discussed late yesterday, SPX has reached the bottom of the purple channel that’s guided it since 1343. So, naturally, we’ll get … continue reading →
In my younger days I played Rubgy, a drinking party with a little sport thrown in to make it legit. I don’t know if it’s still so, but back in those days, when the parties (always with the opposing side, much more civilized than American football) reached a certain level of inebriation, someone would start … continue reading →
Oil is often viewed as a proxy for economic health. In a growing economy, energy consumption increases. This increased demand generally pressures prices higher. Likewise, a decline in oil prices often accompanies declining demand. That’s a greatly oversimplified view, of course. It ignores such important issues such as Middle East tensions, weather and refinery anomalies, … continue reading →
As we anxiously await Bernanke’s big show, the market is putting on a little show — reaching the 1409 target we mentioned yesterday (and then some.) If Bernanke disappoints, as nearly everyone now seems to think he will, that should just about do it for this retracement. As I’ve posted for the past several days, … continue reading →
As Ben Bernanke scolds Congress for how pitiful a job they’ve done on fiscal policy, SPX has staged an important break out. Daily RSI broke out of the channel that goes back to January. It has done a phenomenal job of providing guidance, and a clean break out is unlikely to occur without at least … continue reading →
I can picture it clearly: It’s 1963 and 10-year old Benny Bernanke sits staring at the black & white Zenith in the living room of his East Jefferson Street house, captivated by the voice of Vic Perrin… “There is nothing wrong with your television set. Do not attempt to adjust the picture. We are controlling … continue reading →
When Wells Fargo CEO John Stumpf sleeps, he dreams — like all good bankers — about numbers. He probably doesn’t dream about the number 600 — the number of foreclosure packages signed each day by his robosigners. He probably doesn’t dream about 14,420 — the number of conveyance claims fraudulently submitted to HUD in exchange … continue reading →