Friday, August 31, 2012

Bernanke Fails To Deliver As Chairman Checks To Congress

For every action there is an equally opposite reaction.
Hit the link and check the chart

The market is not amused...

•*BERNANKE SAYS STAGNATION IN LABOR MARKET IS `GRAVE CONCERN'
•*BERNANKE SAYS FED WILL BOOST ACCOMMODATION AS NEEDED FOR GROWTH
•*BERNANKE SAYS HE WOULDN'T RULE OUT FURTHER ASSET PURCHASES
•*BERNANKE: QE `SIGNIFICANTLY LOWERED LONG-TERM TREASURY YIELDS'
•*BERNANKE SAYS IMPACT OF QE IS `ECONOMICALLY MEANINGFUL'
•*BERNANKE: BIG BOOST IN QE MAY REDUCE CONFIDENCE IN SMOOTH EXIT
Those are the headlines. Here is the disappointing conclusion , which promises nothing new at all: