Shopping Cart
Your Cart is Empty
Quantity:
Subtotal
Taxes
Shipping
Total
There was an error with PayPalClick here to try again
CelebrateThank you for your business!You should be receiving an order confirmation from Paypal shortly.Exit Shopping Cart

Honest Information, Profitable Trading

Durudarshan - Investment Analysis

My Blog

Blog

Mr Bernanke's penulimate tesimony before he leaves the Fed.

Posted on September 19, 2013 at 5:56 PM
Federal Reserve Chairman Ben Bernanke made a cordial testimony yesterday, a month now before he is due to step down from office.  Essentially, he restated that the quantitative easing measures need to remain in place until the economic Recovery picks up further steam, but such measures have greatly benefitted the economic pickup and that the economy is strengthening thanks to such measures. 
 
There is nothing but appreciation for Ben Bernanke's handling of the Federal Reserve policies, and I admire this Statesman greatly.  His unique style has helped keep just that degree of suspense that is discretion, while at the same time sharing as much information as has been necessary to bolster stability.  The world stock markets got a boost after his testimony yesterday.
 
It remains to be seen how the Obama administration will fix the debt ceiling issue, which Treasury Secretary Jack Lew has indicated may fall due in October.  Will it be bi-partisan co-operation by the Republicans and the Democrats as before?  When everything is going so well, it is to be expected that they will push through the required votes to help Recovery stay on course, as would be both prudent and necessary.
 
Whoever is selected to be the next Fed Chairman, essentially the pro-growth policies are expected to stay in place. 
 
I have a hunch that the Dow Jones Industrial Index will either shoot for 17000 by the end of the year, or head up for 16000.  What the mind of man can conceive and believe, it can achieve.  I sense it will be possible.
 
Kind regards,
Duru-darshan.
 
 

Categories: Best in the Industry, Debt Ceiling, Divine Guidance, Elan Musk, Expansion the key, to avoid recession in midst of plenty., From Recovery to Prosperity, How does money get to the real economy?, Interest Rate and the Economy., Jobs and growth, Jon Bon Jovi, Rockstar, Humanitarian, a Heart of Love., Kimberley Davis, Sarsaparilla, Money supply, Mr Maponya, a dream city in South Africa., Oil price far too high, Oil Price, Interest Rates and Recovery, Profitable trading, Right selection of business, Selective Immigration, Social enterprise, Micro-finance for UK entrepreneurs., Stock Market, The magic of chemistry - partnerships., Trillion dollar coin?, Website traffic streams, Welcome, Worldwide Economic Recovery, Zimbabwe - may it continue with fair policies

Post a Comment

Oops!

Oops, you forgot something.

Oops!

The words you entered did not match the given text. Please try again.

1 Comment

Reply Chiva
3:42 AM on December 27, 2018 
Great! Your post is amazing and interesting. Thanks for share!
download snipping tool windows 7