Monday, May 12, 2008

Greenspan & Bernanke

The Fed Volcker/Greenspan era is bubble, but Bernanke era is not proven yet.



Speech from Fed Chairman Ben Bernanke, who speaks to Federal Reserve Bank of Atlanta financial markets conference in Sea Island, Ga.

Bernanke's topic is Federal Reserve liquidity measures and he speaks at 8:20 a.m. via satellite. Other Fed officials also are speaking at the conference.

Markets are threatening to bubble up with Bernanke wealth transfer mastermindful $USD print. Anyone can see Greenspan footprints. Bernanke has intelligence and conscience than Greenspan to make right choices, I hope. I agree with Bernanke's decisions, so far, however, we now have better understanding of global economic and wealth circulation as I noted during the last few days that we were seeing gradual wealth transfer to the point where US wealth is wiped out and in big debt. As noted, we have the federal spending twice than tax income and making financial bubbles is not a solution.

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