http://classic.cnbc.com/id/15840232?video=1161952858&play=1 Fed Reserve Chairman Ben "Treason" Bernanke is expected to speak tomorrow from Jackson Hole,WY. History tells us every time this man opens his mouth,the stock market crumbles,the DOW tanks,the seas part.Im wondering what hes going to announce.QE3?More stimulus?Every time this man is scheduled to speak,I get nervous and I can see the dollar bills in my wallet turning closer to becoming nothing but toilet paper that say "Federal Reserve Note".
The Fed can not pass a stimulus package. The Fed is extremely limited in what they can do to enhance economic growth. What they well do is talk about the grim economy, talk about the job market, and talk about housing. This is just a wild guess, but I have a feeling they are going place a target on interest rates of 5-year or 10-year treasuries. Essentially taking control away from the market and forcing investors to put their money elsewhere. Or they will do another round of QE to try to accomplish the same thing. I also think that they will encourage the Government that the economy needs some fiscal stimulus to create jobs and stimulate economic growth.
Well gee, after all dem jobs dat was outsourced; wonder why?... Economic Storm Continues: Bernanke Says ‘Recovery Even Weaker Than We Had Thought’ Saturday, August 27, 2011 - Speaking in Jackson Hole, Wyo., yesterday at an economic symposium sponsored by the Federal Reserve Bank of Kansas City, Federal Reserve Chairman Ben Bernanke said that the economic recovery in the United States had proved to be “even weaker” than the Federal Open Market Committee had originally thought it was.