My Understanding of Ben Bernanke And The Taper
The Federal Reserve gets accused of many things. The Chairman of The Federal Reserve, Ben Bernanke gets accused of many things. Is he E-vil? Nope. Is he a Great American? Probably not. So just what is Bernanke doing? My theory of Ben Bernanke’s mysterious objectives goes as follows.
Ben Bernanke is presiding over what he hopes will be the successful retirement of the largest demographic cohort in contemporary America. The Post WWII Baby Boom is far larger than the generation ahead of it (The Silent Generation) or behind it (Generation X). Boomer columnist and political observer Peggy Noonan once described the Baby Boom Generation as “America’s basketball in the python.” This is not their fault, per se, but it does make them pose a challenge to the rest of us as they drift towards the bottom of the actuarial charts. The current $85Bn per month of QE is the periodic glass of Metamucil-Juice prescribed by Dr. Bernanke to help the python pass the basketball.
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Tags: 10 Year UST
, Baby Boomers
, Ben Bernanke
, Devalued Dollar
, Housing Bubble
, Real Estate
, The Federal Reserve
The Rural Housing Bubble
On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Lachlan Markay to discuss a failed USDA housing program, how this contributes to America’s mortgage problems and what the next scandal may be from the Obama administration.
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How Obama’s Failed Mortgage Rescue Efforts Will Impact the 2012 Election
Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Zeke Miller to discuss the burst of the housing bubble, Obama’s latest push for mortgage relief efforts, and how proposed changes in federal policy changes will impact the 2012 elections. We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. | Read More »
Is Student Loan Debt the Next Housing Bubble?
Download Podcast | iTunes | Podcast Feed On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss earnings season, Google and Microsoft bidding for Yahoo, and the $1 trillion in student loans that me be the next bubble to burst. We’re brought to you as always by BigGovernment and Stephen Clouse and Associates. If you’d like | Read More »
Senate gives money to rich people. Where’s the #OWS outrage?
Today the Senate voted for an amendment to give a subsidy to rich people. Not the first time, and it won’t be the last time. But is a perfect microcosm of today’s politics and the politics that got us into the housing crisis. Next time any of the Senate Democrats say anything about “Occupy Wall Street”, they should get asked a simple question: if you | Read More »