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Ben Bernanke Sees Serious Problems With Bitcoin
Thursday, November 19, 2015 - 3:23pm | 637Speaking to Quartz, former Fed Chairman Ben Bernanke said that Bitcoin "has some serious problems." Bitcoin's value peaked at $1,147.25 on December 4 and crashed to a low of $177.28 just a few months later. Bernanke suggested that Bitcoin has yet to establish itself as a...
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Ben Bernanke On Banks And AIG: Still Too Big To Fail?
Wednesday, November 18, 2015 - 5:04pm | 694Last Sunday, Ben Bernanke, economist and former chairman of the U.S. Federal Reserve, was a guest on Wall Street Week. The scholar went into several subjects, including his background, his ascent to politics, the Fed and low interest rates. His comments regarding banks and insurers, and his...
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Ben Bernanke: Productivity Is What's Ailing The US
Monday, October 5, 2015 - 9:23am | 379Ben Bernanke, the former Fed Chairman, told CNBC that slow productivity growth is weighing on the U.S. economy. Bernanke added that additional capital investment is needed to spur further growth. Shares of the SPDR S&P 500 ETF Trust (NYSE: SPY) remained higher by 0.6 percent following...
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A Duel In China: The Government Vs. The Markets
Friday, July 10, 2015 - 2:20pm | 975The Chinese Communist Party has taken aggressive measures to combat its decline in the nation's stock market, which had shed about a third of its value in less than a month. First, the country's government attempted to stem capital flight by freezing the holdings of any shareholder with over a 5...
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Bank Expert Thinks Interest Rates Will Rise Very Slowly...But Just Not Yet
Thursday, June 18, 2015 - 3:18pm | 456Nate Tobik was recently a guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick. Among other subjects, Tobik (value investor, bank expert and founder of CompleteBankData.com) discussed his expectations for the Federal Open Market Committee (FOMC)...
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Ben Bernanke Asks, 'Why Are Interest Rates So Low?'
Tuesday, March 31, 2015 - 1:35pm | 393Economist and former chairman of the Federal Reserve, Ben Bernanke has started writing an official blog on Brookings to relay his views on various economic and financial issues. For his first discussion, Bernanke asks, "Why are interest rates so low?" In today's world where...
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Japan's Improving Economy Shows That Inflation Is No Longer An Enemy
Friday, October 31, 2014 - 12:10pm | 1022Anyone that entered the investing business in 1980 knows that it is very odd to see the central bankers of the world now focused on trying to increase inflation. Back in the day, inflation was the enemy. An enemy Paul Volcker was locked in battle with for years as runaway inflation threatened...
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David Einhorn Gives His Opinion On Bernanke, Yellen And Monetary Policy
Wednesday, May 7, 2014 - 1:45pm | 377David Einhorn, speaking on Bloomberg TV Tuesday, gave his opinion on the Federal Reserve. Einhorn had the opportunity to dine with Ben Bernanke last month. "I'd been critical for a very long time," said Einhorn regarding Bernanke. One of Einhorn’s concerns is that interest rates have been at...
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Economic Collapse Status Report: It's Still Not Time
Tuesday, April 1, 2014 - 4:32pm | 603A funny thing happens when a person makes a prediction. Those who get it wrong are usually forgiven; because who can predict the future right? At the same time,those who are right often are given undue credit. When it comes to stock market prediction machine Peter Schiff, publisher of the...
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Defending The Indefensible: Flash Trading Helped Save the Stock Market
Tuesday, April 1, 2014 - 4:01pm | 1077In his latest book, Flash Boys, Michael Lewis contends the stock market is "rigged" in favor of institutional investors who buy and sell securities rapidly with computer programs, booking loads of tiny profits. This is at the expense of the individual investor, Lewis claims. Actually, it is the...
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Another Long-Term Sell Signal Worth Noting
Monday, March 10, 2014 - 3:59pm | 1576In case you missed it, Friday marked the five-year anniversary of the intraday low of the Credit Crisis bear market. However, the closing low was set on March 9, 2009 at S&P 500 676.53. Thus, through Friday's close, the current bull market has gained 177.6 percent. Not bad for a period...
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Janet Yellen's Testimony Makes A Good First Impression With Analysts
Wednesday, February 12, 2014 - 8:29am | 728Janet Yellen made her first congressional appearance as Chair of the Federal Reserve on Tuesday, testifying on economic policy issues before the House Financial Services Committee. And she appeared to make a strongly positive first impression. Her cordial approach, along with her signaling of...
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Janet Yellen Expresses Optimism, But Says Economy Is Not 'Close to Full Recovery'
Tuesday, February 11, 2014 - 4:02pm | 560As testimony continued in a manner one blogger described as a "remarkably slow cadence," incoming Federal Reserve Chairwoman, Janet Yellen, told Congress Tuesday that the central bank remains optimistic on the economy and was determined to retreat from its stimulus program slowly. In prepared...
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Ben Bernanke's Eventful Years at the Fed
Friday, February 7, 2014 - 4:50pm | 1228When Ben Bernanke succeeded Alan Greenspan as chairman of the Federal Reserve Board in February 2006, the economy seemed to growing smoothly. Unemployment was under 5 percent. Little did the former Princeton economics professor know what was to befall him. Within 18 months, it became clear a...
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Euro Slips After Fed Decides To Continue Tapering
Thursday, January 30, 2014 - 8:27am | 299The euro lost some ground on Thursday morning after weak data from the eurozone added to evidence that the European Central Bank would be forced to intervene in order to prevent deflation. The common currency traded at $1.3616 at 7:30 GMT as speculation that the Mario Draghi and his peers would...