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Sunday, March 15, 2009

60 Minutes: Ben Bernanke

Posted by Mark at 7:47 PM TweetThis
Nothing really ground breaking from the Chairman but at least paints a human face (about 15 minutes in total)





Aside from the president he's the most powerful man working to save the economy, but you have never seen an interview with Ben Bernanke.

Bernanke is the chairman of the Board of Governors of the Federal Reserve System, better known as the Fed. The words of any Fed chairman cause fortunes to rise and fall and so, by tradition, chairmen of the Fed do not do interviews - that is until now.

The Federal Reserve controls the economy by setting interest rates. But after the crash of 2008, Bernanke invoked emergency powers, and with unprecedented aggressiveness has thrown a trillion dollars at the crisis.

Ben Bernanke may be the most important Fed chairman in history. The question is, can he help lead America out of this deep recession and when?

Posted by Mark at 7:47 PM Comments (4) | Edit This Post | Create A New Post

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4 comments:

Passionate Investor said...

Another potential short for REIT is "AVB".
50ma resistance. and now the prce hitting the resistance which was a support early this year.

thoughts?

March 15, 2009 9:38 PM  
NW said...

I just read on marketwatch that AIG is set to pay $450 million in bonuses to the financial-products division. The same division that caused its collapse. How sick is that..!

March 15, 2009 10:36 PM  
TraderMark said...

I just have a different philosophy than some readers... if I see a stock outperforming its group instead of trying to short it, I'd rather stand away or in fact even put a pairs trade on (long the strong/weak the short). The counter arguement is the strong has more meat left on its bones... but it seems apartment REITs are outperforming peers... the few mentioned this weekend are right at 50 day moving average which is a lot more than can be said for most retail/office REITs. That probably tells us something as long as we wish to listen.

March 16, 2009 12:46 AM  
Anonymous said...

Oh Ben...

March 16, 2009 4:45 AM  

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