The market's up today,
after Bernanke spoke, but some of the 'talking heads' disagree about what he said about a possible QE3. I think he was pretty obvious.
Bernanke Monday said the improvement in the unemployment rate—to 8.3 percent—is out of sync with the modest pace of economic growth.
“To the extent that this reversal has been complete, further significant improvements in the unemployment rate will likely require a more rapid expansion of production and demand from consumers and businesses, a process that can be supported by continued accommodative policies,” Bernanke said.
I don't know how else to read it. The head money guy is talking about 'continued accomodative policies'. What more you need to hear, considering what direction to invest?
Bernanke Monday said the improvement in the unemployment rate—to 8.3 percent—is out of sync with the modest pace of economic growth.
“To the extent that this reversal has been complete, further significant improvements in the unemployment rate will likely require a more rapid expansion of production and demand from consumers and businesses, a process that can be supported by continued accommodative policies,” Bernanke said.
I don't know how else to read it. The head money guy is talking about 'continued accomodative policies'. What more you need to hear, considering what direction to invest?
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