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Mish's Global Economic Trend Analysis is the #1 Blogger for Ben Bernanke
Yes, much of Wall Street wants to see Mr. Bernanke confirmed. The Street is currently making a bundle off Fed policy, as it borrows at near-zero rates and lends long, and the banks don't want that to end. The banks also loved negative real interest rates in the middle of the last decade, and we kn...
1 bloggers weighed in on a similar topic
12 Months Ago,
Michael Shedlock(noreply@blogger.com) from Mish's Global Economic Trend Analysis says
(in Neither Krugman Nor Bernanke Can Distinguish Excessive Printing From Excessive Savings)
Krugman: "I am rather a supporter of Mr. Bernanke at the Federal Reserve which is partly because I think he is the right man for the job, partly because before he was demoted to his current position he was a professor at Princeton University which is where I also teach.
Last month, Senator Jeff Merkley (D-OR) was the sole Democrat on the Banking Committee to vote against reconfirming Ben Bernanke as Chairman of the Federal Reserve. The good news is that more Democrats have come out to oppose Bernanke. The bad news is that more Democrats have come out in sup...
Mon, Jan 25 | from The Left Coaster