Comments for Bernanke Panky News http://www.bernankepanky.com/blog Following Ben Bernanke, the Fed & Friends to inflationary nirvana! Sat, 06 Sep 2008 21:50:18 +0000 http://wordpress.org/?v=2.3.1 Comment on The Birth/Death Ratio by William Buchanan http://www.bernankepanky.com/blog/2007/07/14/the-birthdeath-ratio/#comment-457 William Buchanan Wed, 23 Apr 2008 22:28:41 +0000 http://www.bernankepanky.com/blog/2007/07/14/the-birthdeath-ratio/#comment-457 Sir I have just come upon this "birth/death of businesses" ratio and thank you for your comment on it. Aside from the lag question, I have a question that has been on my mind for some time. We always hear that the jobs are created by small busineses. I admire small business -- nobody helps them -- they are as near to rugged individualism as can be imagined. However, I wonder if the jobs created by new small businesses simply make up for the jobs lost by small businesse that go out of business and that there is no real gain. Sincerely, William Buchanan Sir

I have just come upon this “birth/death of businesses” ratio and thank you for your comment on it.

Aside from the lag question, I have a question that has been on my mind for some time.

We always hear that the jobs are created by small busineses. I admire small business — nobody helps them — they are as near to rugged individualism as can be imagined.

However, I wonder if the jobs created by new small businesses simply make up for the jobs lost by small businesse that go out of business and that there is no real gain.

Sincerely,

William Buchanan

]]> Comment on MZM, M3 Show Flight to Safety by Striker http://www.bernankepanky.com/blog/2008/04/20/mzm-m3-show-flight-to-safety/#comment-456 Striker Mon, 21 Apr 2008 17:11:48 +0000 http://www.bernankepanky.com/blog/2008/04/20/mzm-m3-show-flight-to-safety/#comment-456 It cannot be many more moons before the markets actually DO collapse. Perhaps the Fed will make recessionary moves by supposedly tightening the money supply, which will delay the collapse for a bit, but it's all over, folks. Prepare for the worst but hope for the best. http://morality101.net with link to ../blog It cannot be many more moons before the markets actually DO collapse. Perhaps the Fed will make recessionary moves by supposedly tightening the money supply, which will delay the collapse for a bit, but it’s all over, folks. Prepare for the worst but hope for the best.

http://morality101.net with link to ../blog

]]> Comment on Why is Bear Stearns Trading Higher than the JP Morgan Offer Price? by Allan http://www.bernankepanky.com/blog/2008/03/21/why-is-bear-stearns-trading-higher-than-the-jp-morgan-offer-price/#comment-455 Allan Sun, 23 Mar 2008 06:09:41 +0000 http://www.bernankepanky.com/blog/2008/03/21/why-is-bear-stearns-trading-higher-than-the-jp-morgan-offer-price/#comment-455 It will be interesting to see if Mr. Lewis and other large shareholders can mount a campaign to find an alternative deal that will value Bear at more than $2. It will be interesting to see if Mr. Lewis and other large shareholders can mount a campaign to find an alternative deal that will value Bear at more than $2.

]]> Comment on Cramer goes insane - screaming for Bernanke to cut the rate by Sell Scrap Gold http://www.bernankepanky.com/blog/2007/08/03/cramer-goes-insane-screaming-for-bernanke-to-cut-the-rate/#comment-448 Sell Scrap Gold Sun, 24 Feb 2008 20:53:35 +0000 http://www.bernankepanky.com/blog/2007/08/03/cramer-goes-insane-screaming-for-bernanke-to-cut-the-rate/#comment-448 I love Kramer for telling it how it is, but he is such a flip-flopper its not even funny. He'll change his mind about something every week I love Kramer for telling it how it is, but he is such a flip-flopper its not even funny. He’ll change his mind about something every week

]]> Comment on Goldman Sachs guru warns of war-debt failure by Ames Tiedeman http://www.bernankepanky.com/blog/2007/07/24/goldman-sachs-guru-warns-of-war-debt-failure/#comment-303 Ames Tiedeman Wed, 03 Oct 2007 23:23:36 +0000 http://www.bernankepanky.com/blog/2007/07/24/goldman-sachs-guru-warns-of-war-debt-failure/#comment-303 We need to be much more concernd about the Trade Deficit than the budget deficit. We can control the Federal Budget Deficit with a change in internal policy decisions. We have far less control over Trade Deficit as the WTO and other countries seem to both set the rules of this very game. The U.S. Trade Deficit is a huge problem. We will either end up being owned by foreigners or we will simply fade away. Both prospects are quite un- American. Some basic facts: The U.S. has not had a trade surplus with the world since 1974. We have not had a trade surplus with Japan since April of 1976. We stopped having trade surpluses with Eurpoe in 1983. Fifteen years ago we did not have a trade deficit with China. Now we have a 250 Billion a year deficit with the People's Republic. A nation that does not make anything is a worthless nation. Worse, the longer we go without making the needed investments in our manufacturing infrastructure, the more knowledge we lose. We will either forget how to manufacture or we will simply not be good at it. Our creative energy fades away if we do not use it. Also, it is innate to want to make things. Kids play in sand boxes, youg men build tree forts. This is human nature. All of this is being taken away from the American people by idiots in Washington who do not know how to make trade deals. I may write a book on this topic. We need to be much more concernd about the Trade Deficit than the budget deficit. We can control the Federal Budget Deficit with a change in internal policy decisions. We have far less control over Trade Deficit as the WTO and other countries seem to both set the rules of this very game.
The U.S. Trade Deficit is a huge problem. We will either end up being owned by foreigners or we will simply fade away. Both prospects are quite un-
American. Some basic facts: The U.S. has not had a trade surplus with the world since 1974. We have not had a trade surplus with Japan since April of 1976. We stopped having trade surpluses with Eurpoe in 1983. Fifteen years ago we did not have a trade deficit with China. Now we have a 250 Billion a year deficit with the People’s Republic. A nation that does not make anything is a worthless nation. Worse, the longer we go without making the needed investments in our manufacturing infrastructure, the more knowledge we lose. We will either forget how to manufacture or we will simply not be good at it. Our creative energy fades away if we do not use it. Also, it is innate to want to make things. Kids play in sand boxes, youg men build tree forts. This is human nature. All of this is being taken away from the American people by idiots in Washington who do not know how to make trade deals. I may write a book on this topic.

]]> Comment on Fed flips bird at dollar by egosumabbas http://www.bernankepanky.com/blog/2007/09/18/fed-flips-bird-at-dollar/#comment-265 egosumabbas Fri, 21 Sep 2007 17:00:38 +0000 http://www.bernankepanky.com/blog/2007/09/18/fed-flips-bird-at-dollar/#comment-265 It's sad that as people are overjoyed that their stocks are going up, yet the dollars that back that paper becomes increasingly worthless. Like in Alice in Wonderland, they are running faster to stand still. In the meantime, those that cannot or will not invest in stocks (i.e. those without 401k, IRA, or trading accounts), are getting royally screwed. It makes my stomach turn. Ron Paul recently asked point blank if the watering down of the dollar was morally justified, and Ben Bernanke responded "Inflation is at 2%, and we will monitor inflation". To the Fed, the fact that the dollar has lost half its value in the past few years has no meaning. It’s sad that as people are overjoyed that their stocks are going up, yet the dollars that back that paper becomes increasingly worthless. Like in Alice in Wonderland, they are running faster to stand still. In the meantime, those that cannot or will not invest in stocks (i.e. those without 401k, IRA, or trading accounts), are getting royally screwed. It makes my stomach turn.

Ron Paul recently asked point blank if the watering down of the dollar was morally justified, and Ben Bernanke responded “Inflation is at 2%, and we will monitor inflation”. To the Fed, the fact that the dollar has lost half its value in the past few years has no meaning.

]]> Comment on Cramer goes insane - screaming for Bernanke to cut the rate by Mike http://www.bernankepanky.com/blog/2007/08/03/cramer-goes-insane-screaming-for-bernanke-to-cut-the-rate/#comment-183 Mike Tue, 28 Aug 2007 21:26:27 +0000 http://www.bernankepanky.com/blog/2007/08/03/cramer-goes-insane-screaming-for-bernanke-to-cut-the-rate/#comment-183 <b>It is not you mortgage brokers that caused this. It is the banks that EMPOWERED and ENABLED you to sell such crap loans that caused this. Sure, people overspend, but banks have an obligation to the economy to use good lending practices. You’re just the guy who find the available loans.</b> Mortgage Brokers do not construct loan products, approve loans or manipulate the programs lenders are pushing at the time by adjusting the rates accordingly, lenders do. Keep in mind that the lenders, ones with a retail side, sell the same loan products… but it’s easier to find a target that doesn’t have such deep pockets. It’s not necessarily the programs either. It’s the turn in the housing markets driven by many factors including property taxes, homeowners insurance and lack of buyers that did, depending on the state. It’s not just Subprime either. If you purchase a house with 20% down, good credit and then subsequently lost 30% in value you will loose as much as someone in the Subprime market. It’s the American way to blame others….. No responsibility placed at the doors of the homeowner’s insurance companies, property taxing authorities, lenders or the borrower. It is not you mortgage brokers that caused this. It is the banks that EMPOWERED and ENABLED you to sell such crap loans that caused this.
Sure, people overspend, but banks have an obligation to the economy to use good lending practices. You’re just the guy who find the available loans.

Mortgage Brokers do not construct loan products, approve loans or manipulate the programs lenders are pushing at the time by adjusting the rates accordingly, lenders do. Keep in mind that the lenders, ones with a retail side, sell the same loan products… but it’s easier to find a target that doesn’t have such deep pockets.

It’s not necessarily the programs either. It’s the turn in the housing markets driven by many factors including property taxes, homeowners insurance and lack of buyers that did, depending on the state. It’s not just Subprime either. If you purchase a house with 20% down, good credit and then subsequently lost 30% in value you will loose as much as someone in the Subprime market. It’s the American way to blame others….. No responsibility placed at the doors of the homeowner’s insurance companies, property taxing authorities, lenders or the borrower.

]]> Comment on The Fed opens the discount window, opens Pandoras Box by Martin http://www.bernankepanky.com/blog/2007/08/17/the-fed-opens-the-discount-window-opens-pandoras-box/#comment-182 Martin Tue, 28 Aug 2007 14:52:55 +0000 http://www.bernankepanky.com/blog/2007/08/17/the-fed-opens-the-discount-window-opens-pandoras-box/#comment-182 I agree. I always thought that this government has been manipulating economic data such as job s,inventories,sales and so forth to create the illusion that this economy is strong and healthy . As we can see it is not. After all the good jobs have been exported to China, India, Mexico, etc, the only sector left for middle class people to make some decent money was basically real estate. Now that real estate is imploded the economy is imploding. As simple as that sounds. I agree. I always thought that this government
has been manipulating economic data such as job s,inventories,sales and so forth to create the illusion that this economy is strong and healthy . As we can see it is not. After all the good jobs have been exported to China, India, Mexico, etc, the only sector left for middle class people to make some decent money was basically real estate. Now that real estate is imploded the economy is imploding. As simple as that sounds.

]]> Comment on The Fed opens the discount window, opens Pandoras Box by egosumabbas http://www.bernankepanky.com/blog/2007/08/17/the-fed-opens-the-discount-window-opens-pandoras-box/#comment-132 egosumabbas Tue, 21 Aug 2007 15:12:55 +0000 http://www.bernankepanky.com/blog/2007/08/17/the-fed-opens-the-discount-window-opens-pandoras-box/#comment-132 I think the opening of the discount window was basically just putting a finger in the dike to satisfy the Jim Cramers of this world. Yes, providing a "lender of last resort" is a moral hazard, but the Fed didn't even seem to do much for the market, and more debt operations are collapsing as we speak. Just pour yourself another glass, put on some shades, lean back in that lawn chair, and enjoy the train wreck. I think the opening of the discount window was basically just putting a finger in the dike to satisfy the Jim Cramers of this world. Yes, providing a “lender of last resort” is a moral hazard, but the Fed didn’t even seem to do much for the market, and more debt operations are collapsing as we speak. Just pour yourself another glass, put on some shades, lean back in that lawn chair, and enjoy the train wreck.

]]> Comment on Cramer goes insane - screaming for Bernanke to cut the rate by Rick Calvert, MBA http://www.bernankepanky.com/blog/2007/08/03/cramer-goes-insane-screaming-for-bernanke-to-cut-the-rate/#comment-114 Rick Calvert, MBA Sun, 19 Aug 2007 01:31:31 +0000 http://www.bernankepanky.com/blog/2007/08/03/cramer-goes-insane-screaming-for-bernanke-to-cut-the-rate/#comment-114 Current situation - pay now, or pay later. Solution - eliminate ARM's to prevent mortage lenders from transferring interest rate risk to borrowers. Current situation - pay now, or pay later.

Solution - eliminate ARM’s to prevent mortage lenders from transferring interest rate risk to borrowers.

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