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* Business * US economy Ben Bernanke under pressure to prop up US economic recovery PDF Print E-mail
Written by Steve Meyers   
Thursday, 26 August 2010 21:56

Ben Bernanke

Ben Bernanke will address the annual meeting of central bankers with a speech on the Federal Reserve's policy response to the US economic outlook that will be keenly watched by the markets. Photograph: Haraz N. Ghanbari/AP

When Ben Bernanke addresses the annual symposium of central bankers in Jackson Hole tomorrow he does so against arguably the most challenging backdrop in his tenure as Federal Reserve chairman.

At the end of a week of gloomy reports, Bernanke faces mounting expectations from markets that the Fed will step in to prop up the US's faltering economic recovery. News of stalling business activity and dismal home sales have fanned talk of a double-dip recession at a time when all the easy options have run out. At the same time, divisions appear to be emerging among his committee of policymakers. READ MORE

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Mars  - BenBernankeBlowsBubblesInTeeteringTetons |2010-08-27 00:53:48
..it's a very late hour...the house is quiet..the charts have my attention..
Could it be this straightforward? Although nearly everyone will find some news item to explain the market's gyrations, is it actually a matter of the market fulfilling a predetermined path, and then we attempt to use current news to rationalize the behavior?
Will the SP500 sink to 500 w/in the next 3 years? Will the next several weeks see consecutive lower closes to 927, before we rest and chop sideways?
Who's looked back at the AUG 10 Bradley Model major turn date? excellent call! Next minor turn = SEP 11
Bernanke admits that he's been relying on one of the now-recalled Garmin GPS units, and he can't find his way to safety!
NV  - Unbelieveable Bank Accounting .... AGAIN! |2010-08-27 05:32:53
http://www.washingtontimes.com/news/2010/aug/26/obamas-next-big-bank-bailout/
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