and not as interesting as sex toys, but an article covering issues of importance to all of us:

<link>

My appreciation for the piece may come from the fact, obvious to those who know me on BB, that the kid agrees with my postings on the subjects 100%. He does wear a tie instead of bibs, but he nailed it and explained why ongoing Gimmenomics from the Fed and the government are doomed to fail and make the situation worse as they serve the drunk another drink, then another, then another as the conomy staggers and starts falling down.

something about Ben and the cuts has not sat well with me since he took over for Greenspan. Greenspan is friggin old but I was more confident with him in charge.

Heleva:

something about Ben and the cuts has not sat well with me since he took over for Greenspan. Greenspan is friggin old but I was more confident with him in charge.

I had a lot of hope for Ben, but I wasn't a big fan of Easy Al after he helped Abdullah torpedo the economy in 2000 to get Bush elected. His later historically low 1% rate created the housing boom and his failure to exert oversight on the banking industry, part of his job, turned it into a bubble and contributed to the commodity boom that forced Gentle Ben to raise rates and burst the bubble, then slash them again to socialize bank losses and attempt to resurrect housing and save the builders before the '08 election.

Bernanke does have pretty eyes, though. He looks like Bambi. Unfortunately, we need a big buck running the herd now instead of a little spotted fawn.

And you have elequontly stated exactly why I stay out of economics if I can. I make money. I allow my spouses to decide on investments.

I don't think I have seen a full body pic of ben yet. He does remind me of a lawyer I dated from LA a few years back. Big and bearlike.

From a quick search that led me to MSNBC...boy, this fella called it back in 2005 when Bernanke's name was floated as a replacement for Greenspan.

Merk has been a regular critic of the chairman-designate in market commentaries over the past year, arguing that Bernanke could usher in an era of higher inflation, slower growth and a weakening dollar.

Growth at any cost. Growth for whom, I have to ask. I know they must be kicking themselves over it at the white house, if they'd just been able to prop things up a little bit longer...

Times like these provide strong evidence that the Fed Reserve is composed of marionette puppets.

"Growth at any cost. Growth for whom, I have to ask."

I gauge growth as GDP growth minus federal debt growth, so we have had negative growth for several years now, $3.4 trillion debt increase being greater than $3.2 trillion GDP increase the last seven years.

"I know they must be kicking themselves over it at the white house, if they'd just been able to prop things up a little bit longer..."

It's not over, yet, Arabia having quietly upped production, which explains oil inventory increases and why crude drops every Tuesday after inventories are released even though the metals and Euro keep breaking records. The recent China Stimulus Act will add over 1% to GDP second quarter, which should keep it positive and bleed into the third quarter, then if the fourth quarter goes negative Bush still escapes his second recession under the consensus definition of two consecutive negative quarters.

Bernanke is doing exactly what Bush hired him to do and will be remembered as of a class with Condi Rice and Alberto Gonzales, an under qualified hack in leige to the man who appointed him. I wanted Paul O'Neil to replace Greenspan.

So my cat's gut instinct about Ben is correct.

Heleva:

So my cat's gut instinct about Ben is correct.

Quite likely. Animals seem smarter than the average economist as they are not heir to wishful thinking.

"I allow my spouses to decide on investments."

Into plural marriage are we? ;-)

"And he stripped off his clothes also, and prophesied before Samuel in like manner, and lay down naked all that day and all that night. Wherefore they say, is Saul also among the prophets?"

If so, why isn't he on an economic forum instead of FB?

that last comment was intended to be a bit of a well-meaning jest. Hope you don't take offense to it.

einhverfr:

that last comment was intended to be a bit of a well-meaning jest. Hope you don't take offense to it.

Good rule of thumb is that offense is nearly impossible on one of my threads :) Anyone does get offended we just dogpile them and tickle 'em.

einhverfr:

that last comment was intended to be a bit of a well-meaning jest. Hope you don't take offense to it.

It wasn't a typo.

einhverfr:

"I allow my spouses to decide on investments."

Into plural marriage are we? ;-)

You don't know Heleva, do you?

The answer is yes.