Wednesday, December 18, 2013

Well Done Bernanke.




Bernanke is a modest income man with many rich oponents and critics. His decisions can take the economy in the world or an industry through the roof.

In 2004, 05, 06 big games of deception in the Housing market took place and the outcome was close to the collapse of financial systems in the world.

In 2008, it all came crashing down.  "Wall Stret", the Banks, Financial Institutions, and the world money market collapsed. Seven Trillion Dollars evaporated, and that only was the begining.

Housing collapsed, Financial Institutions sold to banks, and Auto Industry bankrupted.
The Dow 14000 goes down to 6500 by March, 2009, Unemployment is 10.7%, The economy lost 800K employees per month.

The World looked up to US Treasury and the Federal Reserve for help.

TARP was created to help the banks, AIG was bailed for 180 Billion Dollars, Auto Industry revamped, and the Feds "Quantitative Easing" Began, four trillion dollars.

"Don't fight the Fed" is the best financial advise anyone can give.

TARP all paid back but small amount. AIG's paid with profit of 27 Billion Dollors. Unemployment down to 7.0%, Auto industry is back and the DOW is 16000 by 2013, Non Farm employees increased to a monthly 200K. This month the Fed started reducing QE gradually, a signal that the economy is coming back.

The last decision of the Fed is to target unemployment to a 6.5% or less and inflate the economy by 2.5%.

So there is someone working on your behalf. it is too bad he is done.

Say good bye to the Man of this decade.....
Just a thought.. of appreciation.




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