FED PRESIDENT BULLARD: Ben Bernanke Should NOT Have Talked About The 'Taper' Timeline
looks like someones putting his cards on the card for the top job
the FED and the Bernank, knew exactly what they were doing (after all they run the markets) with alittle help from there friends
the markets were overcooked and greatly needed a pullback otherwise it was creating too many bubbles
in fact most had rally fatigue and needed a pullback, or even more danger was ahead
and nothing wrong with a healthy market correction
its alot fun watching and hearing about it via the media though (well, just for a short time)
and where do they get this idea that the markets should only ever go up ?
Good old Ben 
They were pushing the markets up (with cheap money). All that was made just in order to transfer the money from your (taxpayers) pockets to banks and rich owners pockets. And it all went as they did plan : all under the cover of "saving the banks". Saving the banks from whom? The same guys that are still running them? The rich just got richer. The poor just got poorer and nobody complaints. Perfect crime
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
You agree to website policy and terms of use
Believe it or not, Chairman Ben Bernanke may not be the most dovish person at the Federal Reserve.
When the Fed published its FOMC statement this Wednesday, it noted two dissenters to the decision.
One of those dissenters was St. Louis Fed President James Bullard, who thought that monetary policy should be more dovish.
In an unusual move, Bullard published a press release this morning on why he dissented.
Among other things, he believed it was a mistake for the Fed to talk about tapering, or gradually reducing, quantitative easing (QE).
"President Bullard also felt that the Committee’s decision to authorize the Chairman to lay out a more elaborate plan for reducing the pace of asset purchases was inappropriately timed," said the St. Louis Fed in the release. "President Bullard felt that the Committee’s decision to authorize the Chairman to make an announcement of an approximate timeline for reducing the pace of asset purchases to zero was a step away from state-contingent monetary policy."
read more ...