I am declaring today a holiday, or perhaps a time translation merging Friday into Saturday. Or am I influenced by intense advanced waves from Saturday that my mind now has been taken over by the state function that it will have on Saturday morning?
LOL.
In any case, my post today will simply be a link to the text of Battleship Ben's speech today in Europe (which I listened to), explaining the problems caused by nations that undervalue currencies.
http://www.federalreserve.gov/newsevents/speech/bernanke20101119a.htm
I guess Ben reads this blog. It's time for Asia nations to develop domestic demand and get off our back!
Word of the Day
"Profundity" - noun [$10]; Profound - adjective [$10]
Profound means having to showing great quality or insight.
Profundity means the state or quality of being profound.
Sentence: The immense profundity of Battleship Ben's speech today crushes his pipsqueak critics, who are shown to be simpleminded fools with no insights.
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19 comments:
dr bernanke bloviating in frankfurt..........this guy has no shame......lecturing the chinese
wtf ?? and the Bman cheerleading the man who is destorying the greenback ..........and america...............you make me puke Bman
"Why have officials in many emerging markets leaned against appreciation of their currencies toward levels more consistent with market fundamentals?" Mr. Bernanke asks. Mainly, he says, because they are sticking to a long-term strategy of pushing for export-led growth with cheap exchange rates.
dr bernanke has the balls to say that with a straight face...............wtf is he doing...........amazing hypocrisy
inflation check :
Publix last nite............i bought 1 pomegranate..........cost me 4.99..........that used to be 2.50- 3 bux
i guees the common man won't be eating pomegranate anytime soon.........let it fall my ass
Sheesh, the common man eats apples & bananas, not pomegranates.
take your pick: level the playing field by exchange raes or tariffs.
The common man has had enough time with those parasite nations on his back; and has done enough to help them recover & grow. Time for them to walk on their own feet.
China could combat its inflation by raising its currency relative to $ - all those imports of food, oil, metals would get cheaper.
BUNKERBOYZ POLL
# of no shows or cancels for ztech next week??
Spin 5
Bman is janet napolitano the most incompetent cabinet secretary in the 200plus year history of the union ??
http://www.youtube.com/watch?v=zTrM05_knZ0
Bman are you against hi-frequency trading ??
yes, hi frequency trading by computers should not be permitted.
ditto dark pools.
I want the old NYSE back - all trades open and go through the same single gateway
And put all NASD stocks into it, too.
The stock markets worked then adn the public trusted them. And one gateway is easy to regulate and watch; while numerous ones are not.
no, Bud. McNamara is #1, second is Rumsfeld.
But she's in the top 10.
I see Molotova's ego is growing exponentially.
sheesh.
Did Ben request another stimulus package this morning? Thoughts Bunkerman...
yes, he did on the bottom of page 7; did not make a big deal of it, but the statement was plain.
the term, "another stimulus" is a bit off, as 've writtne many times.
A real stimulus program would help and need not be huge. To some extent it could be partly done with tax credits.
enjoy Bman..............hilrious video
http://www.wallstreetwindow.com/content/node/18288
' does staring at a wall of computer screens til your eyeballs bleed excite you '
http://www.youtube.com/watch?v=85lpWoESHUM
oops......wrong link...............that's the link Bman
obviously someone failed to bank enough coin this week to buy a jug of "brain milk"
Thanks for workin the blog Bunk..have a fine weekend
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