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Bernanke's economic reminder

March 30, 2013

Federal Reserve Chairman Ben Bernanke issued a not-so-gentle reminder last week in explaining the Federal Open Market Committee’s decision to stand pat, again, on artificially very low interest......

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(6)

locomotive

Mar-30-13 1:39 PM

Businesses are holding back and/or hiring part-timers because of the uncertainty of what the government will do to them through increasing regulations and taxes, especially obamacare - a tax 'cuz the SC said so.

To summarily call that hesitancy "greed" seems monetarily ignorant and willfully partisan.

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locomotive

Mar-30-13 7:14 PM

Veritas, your care and compassion for "crotchety old men" inspires awe, including the grin on your face.

What you should do is "be true to yourself" and tell them all down at the barber shop exactly what you think of them, because they were so careless as to not heed your advice.

G'wan now. Get 'er done. Be true.

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muleskinner

Mar-31-13 9:27 AM

A bank that pays 0.1 percent interest on saving's accounts tells me the bank doesn't have any money in it other than yours. They're broke and can't afford to pay interest to depositors.

Why would the banks in Cyprus want to shear the depositors of 10 percent of the saving's? They're broke, they have no money, only the depositors have money, that's why they need to shave the deposits of some of their value, the banksters need the money, otherwise, it will close.

If you have money in the bank in the form of a saving's account, you only have access to it for 8 hours a day or so, and is closed on Sundays.

If you have your saving's in your mattress, you have access to it 24/7.

Mattresses make better banks than the banks that just might shave off a few thousand bucks to 'bail in' the bank.

You're a sucker for believing a bank is a safe place to have your money. They're not.

Banks are no longer safe, sorry to say, and it is better to be safe than sorry.

Panic early.

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locomotive

Mar-31-13 9:36 PM

"And business does not fear the government's regulation, they adjust to it."

I'll agree with you on this, raj. How are they adjusting? Less full-time, more part-time is one way.

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locomotive

Mar-31-13 9:40 PM

muleskinner's post Mar-31-13 9:27 AM

The bank vs. mattress comparison cracked me up!

Good on ya! :-)

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muleskinner

Apr-01-13 12:27 AM

google 'FDIC, failed bank list', click on the FDIC failed bank list web site and see for yourself if banks can fail or not.

Kind of a long list, it'll take a few minutes to look and see which banks have failed recently.

Banks can't be trusted these days, just like back in the days of the Great Depression.

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