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Thread: Person of the year 2009- Ben Bernanke

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    Re: Person of the year 2009- Ben Bernanke

    Quote Originally Posted by apdst View Post
    I did address your post. You claimed I engaged in partisan hackery, along with a couple personal attacks and I showed you how I wasn't engaging in partisan hackery, by simply stating the facts.

    BTW, de-regulation isn't what caused the reession.
    Why did the world pour its money, and continue to do so... into our debt if it truly frightened private markets that we were going to be spending more? Again you failed to answer the question, care for another try?

    BTW, what were the personal attacks? You and your whole clan argue about things in which you know absolutely nothing about.
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    Re: Person of the year 2009- Ben Bernanke

    Quote Originally Posted by winston53660 View Post
    And last year many of capitialist lost their asses.
    Which is a perfect reason to get back into the market. When corporations enter bad periods, they tend all to state expenses and losses in excess of what they actually are. In accounting it's called the "Big Bath." So when the economy starts to pick up again, they show artificially high gains which for most people, don't realize are artificially high. Thus, for the person in the know, it an excellent opportunity.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Person of the year 2009- Ben Bernanke

    I don't know if I can quite agree with the position that Uncle Ben saved the world.

    However, unlike many of the untrained here, he did do his part in saving it. When liquidity and money velocity drop to all time lows, there really is only one viable reaction: expand M0 to epic proportions. If you read the reports from investment houses and money managers, it's virtually unanimous that Uncle Ben did the right thing there. If money only gets turned two times rather than the average five, you expand M0 so that the same net amount of dollars are flowing through the economy along with extremely low rates that promote borrowing.

    The question is when do you cut the spigot off to stop inflation. That will be the real problem in the next couple years.

    I do think that the global stimulus that the world in unison did was in many ways just as important. According to Ken Fisher, the global stimulus was the largest in world history even when accounting for inflation. That alone likely boosted confidence and global stock markets show it.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: Person of the year 2009- Ben Bernanke

    Quote Originally Posted by Goldenboy219 View Post
    I told you... Dow 4000 and going lower. If you do not agree, what is the technical analysis you are using as evidence of the markets trajectory?
    You continue to ignore a weak dollar, of course the dow is rising, people are being raped in this country. So again, is the dow really at 10,000, or is this just an illusion?

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    Re: Person of the year 2009- Ben Bernanke

    Moderator's Warning:
    Person of the year 2009- Ben BernankeThis is your one and only warning. Cease with the personal attacks or thread bans and infractions are going to be handed out.
    Welfare (Food Stamps, WIC, etc...) are not entitlements. They are taxpayer funded handouts and shouldn't be called entitlements at all. Social Security and Veteran's benefits are 'Entitlements' because the people receiving them are entitled to them. They were earned and paid for by the recipients.

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    Re: Person of the year 2009- Ben Bernanke

    Quote Originally Posted by Jackboot View Post
    Yes, I have heard both names mentioned more then I have heard the name "bernanke"
    Then you simply haven't been paying much attention to the economy.

    Quote Originally Posted by Jackboot
    That said, this is not the point, just what has this man done, that we should applaud him, much less name him "person of the year"?
    Person of the Year is not an honor, so whether or not he should be "applauded" is completely irrelevant (although he should be). As for what he's done...he's kept interest rates at effectively 0% and flooded the economy with cash, which is exactly what it needed.
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    Re: Person of the year 2009- Ben Bernanke

    Quote Originally Posted by Strucky View Post
    When Bush was president and the stock market was at record levels,Liberals insisted that the stockmarket was a false indicator
    Regardless of what you believe "liberals" insisted when Bush was president, the stock market is a very important indicator of economic health. It's not the only indicator by any means, but it's definitely an important one.
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    Re: Person of the year 2009- Ben Bernanke

    Quote Originally Posted by Jackboot View Post
    You continue to ignore a weak dollar, of course the dow is rising, people are being raped in this country. So again, is the dow really at 10,000, or is this just an illusion?
    Can you please explain to the class why a weak dollar is a bad thing? No cheating by using Wikipedia or Google.
    Personally I hope the dollar gets even weaker. It'll create lots of jobs for Americans.
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    Re: Person of the year 2009- Ben Bernanke

    Quote Originally Posted by Kandahar View Post
    Can you please explain to the class why a weak dollar is a bad thing? No cheating by using Wikipedia or Google.
    Personally I hope the dollar gets even weaker. It'll create lots of jobs for Americans.
    Or maybe more interestingly, how raising the value of the dollar would improve the economy. Bernanke could raise value of the dollar right now if he wanted to by raising interest rates.
    If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand.
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    Re: Person of the year 2009- Ben Bernanke

    Quote Originally Posted by Kandahar View Post
    Can you please explain to the class why a weak dollar is a bad thing? No cheating by using Wikipedia or Google.
    Personally I hope the dollar gets even weaker. It'll create lots of jobs for Americans.
    The better question is are the benefits of a weak dollar greater then the costs of a weak dollar?

    That I have don't have an answer to.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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