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FORBES:Bernanke Is Terrified Of Higher Mortgage Rates And The Debt Ceiling Debate...

 
Uncle Fuck Stick
WAKE THE FUCK UP !!!!!!!!

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09/18/2013 08:53 PM

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FORBES:Bernanke Is Terrified Of Higher Mortgage Rates And The Debt Ceiling Debate...
[link to www.forbes.com]
his post-FOMC press conference, Fed Chairman Ben Bernanke made it clear that he had lost control of the market, causing a tightening of financial conditions that directly hit the highly supported housing market through higher mortgage rates. Trouble is also brewing in Washington, with possible fights over a government shutdown as Speaker Boehner puts pressure on President Obama, and the specter of another debt ceiling fight, which also spooks Bernanke and the FOMC. The Chairman appears to have boxed himself in, as the market roars higher on any indication of monetary stimulus, and could tank if the training wheels come off.

Bernanke lied. At one point, the Chairman of the Federal Reserve told reporters: “we are somewhat concerned. I don’t want to overstate it. But we do want to see the effects of higher interest rates on the economy, particularly mortgage rates on housing.” Yet Bernanke, and the rest of the FOMC, are gravely concerned.

Speaking after surprised markets rallied to record highs in the aftermath of an expected decision to keep monetary stimulus at a monthly rate of $85 billion, the Chairman revealed he’s scared about the c

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Nickadeemus

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09/18/2013 08:58 PM
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Re: FORBES:Bernanke Is Terrified Of Higher Mortgage Rates And The Debt Ceiling Debate...
Mr. Bernanke,
Somehow we told you so, somehow doesn't come within a universe, of covering it...

Nick@
Ted

Last Edited by Nickadeemus on 09/18/2013 08:58 PM
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