By Michael Shedlock – Ben Bernanke will join Sir Tim Berners-Lee as keynote speakers at the “Swell” cryptocurrency conference October 16-18 in Toronto. I don’t have an opinion on where Bitcoin is headed in any particular timeframe.
Authored by Jeffrey Snider via Alhambra Investment Partners, Ben Bernanke, then Chairman of the Federal Reserve, told Congress in March 2007 that subprime was contained. He will rightfully be remembered in infamy for that, but that wasn’t the most egregious example of being wrong. Show More Summary
Ben Bernanke, then Chairman of the Federal Reserve, told Congress in March 2007 that subprime was contained. He will rightfully be remembered in infamy for that, but that wasn’t the most egregious example of being wrong. The post Subprime...Show More Summary
Ten years ago CNBC's Jim Cramer made his feelings clear when he sounded off on then Fed Chairman Ben Bernanke.
There was a funny sort of Congressional exchange all the way back in November 2005 that in a weird way defines our world today. At the nomination proceedings on whether to confirm Ben Bernanke as Alan Greenspan’s successor, Senator Jim Bunning of Kentucky wanted the prospective Fed Chairman to first answer for M3. Show More Summary
Below is a comment from my friend and co-author Fred Feldkamp -- Chris On Thursday, Commerce Secretary Wilbur Ross made a speech that upset the Chinese delegation attending the periodic US/China discussion of trade issues in Washington DC. Show More Summary
Authored by John Mauldin via MauldinEconomics.com, “The job of the central bank is to worry.” – Alice Rivlin “The central bank needs to be able to make policy without short-term political concerns.” – Ben Bernanke “… from the standpoint...Show More Summary
(July 16, 2017 12:40 PM, by Scott Sumner) In January 2008, the US economy had fallen into recession and Ben Bernanke was already supportive of fiscal stimulus: Ben S. Bernanke, chairman of the Federal Reserve, has told lawmakers that he can support tax cuts or spending measures to... (0 COMMENTS)
Bernanke is selling the idea that things aren't that bad....which is true if you are in the top 20%, which he also kinda acknowledges...
Authored by David Stockman via The Daily Reckoning, Ben Bernanke’s successors at the Fed and other global central banks still don’t get it. Falsified debt prices do not promote macroeconomic stability. They lead to reckless credit expansion cycles that eventually collapse due to borrower defaults. Show More Summary
What is most tragically ironic about the last decade is that the people who are supposed to have been in charge are the same people claiming it could never happen. Ben Bernanke, for example, made his career on studying the Great Depression. Show More Summary
Authored by Eugen von Bohm-Bawerk via Bawerk.net, Ben Bernanke’s creativity inspired a generation of economists and central bankers. QE, ZIRP and NIRP established a new class of economics that is mathematically sound but practically disastrous. Show More Summary
With the financial system imploding in 2008, Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke implored Congress to authorize $700 billion to bail out the banks or risk a total meltdown. Rep. Jeb Hensarling would have none of it. His actions then represented a key milepost...
Europe is as we all are. Ben Bernanke wrote a few years ago that his tenure at the Fed must have been a success in his view because the US economy didn’t perform as badly as Europe’s. As usual, this technically true comparison is for any meaningful purpose irrelevant. Show More Summary
Writing earlier this year on the topic of the Fed’s future balance sheet reductions, Ben Bernanke had occasion to recount his experience from 2013. It was a stressful time for the Fed after they panicked into QE3 (and then QE4) and then almost panicked right out of it. Show More Summary
One part of a long interview of Ben Bernanke:... Jim Tankersley: But you don’t think, particularly in those first moments of the crisis when Fed officials and Treasury officials were trying to work together to stop the bleeding, there...
Authored by Mike Shedlock via MishTalk.com, Fed Chairs Ben Bernanke and Janet Yellen re-blew the Alan Greenspan initiated housing bubble. However, the trend towards higher and higher home prices started well before that dynamic trioShow More Summary
Authored by EconomicPrism's MN Gordon via Acting-Man.com, Bernanke Redux Somehow, former Federal Reserve Chairman Ben Bernanke found time from his busy hedge fund advisory duties last week to tell his ex-employer how to do its job. Namely, he recommended to his former cohorts at the Fed how much they should reduce the Fed’s balance sheet by. Show More Summary
Former U.S. Federal Reserve Chairman Ben Bernanke suggested Sunday an income tax cut to get the economy moving is unnecessary, and the country would be better off with infrastructure spending and tax reform. “I think that it is important, as I mentioned, even though the recovery is proceeding, the...
NPR: “Ten years later, we’re still dealing with the effects of the 2008 financial crisis. Some industries and parts of the country are still trying to recover from the worst economic period since the Great Depression. It was Ben Bernanke’s job to stop the crashing and pick up the pieces. Show More Summary