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American Capital Agency Corp. Message Board

  • sirlaffalott sirlaffalott Jun 19, 2013 7:15 PM Flag

    bernanke turd

    this jack #$%$ is just another turd that obama popped out after a bad chinese meal. nothing more. what do you expect from a turd.

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    • I don't think it was Ben that took down bond prices today. The bond prices started dropping right a t 2 pm when the fomc minutes were released. Contained in those minutes were up beat 2013 forecast for the unemployment rate, adjusted down from 7.4 to 7.25 per cent and the 2014 forecast from a range of 6.7-7 per cent to a new range of 6.5-6.8 per cent .

      Ben also said a tapering of the $85bn monthly pace of asset purchases would begin later this year – assuming the economic outlook improves as predicted – and would continue until the end of the programme sometime in the middle of 2014, as the US unemployment rate falls to 7 per cent and “a strong majority now expects that the committee will not sell agency mortgage-backed securities during the process of normalising monetary policy,”.

      • 1 Reply to bovisutor
      • Many of the talking heads are putting forward explanations for why both stocks and bonds dropped so sharply today. I haven't heard one that explains all the relevant data, so I continue to wonder how much of it is market distortion caused by QE. Reasoning based on an improving economy fails to adequately explain the extraordinary volatility experienced during March, April, and May of this year. And why is the economy good enough to raise interest rates but not good enough to increase inflation? Generally, higher inflation comes first. And what about the two trillion of excess reserves? Why hasn't that money come into use?

    • He is a George W turd. Just another academic who can't handle it in the real world. I am sure he has been crying to Obama about his job for years. That is why Obama said he overstayed his welcome and is on his way out. Good riddance.

    • Bernanke was first appointed by Bush, and reappointed by Obama. They are both to blame. I won't be happy until Ben leaves his positions and we get someone who understands the markets.

    • Yes this a hole really messed up the rally I hope he loses every dime he ever makes

      Sentiment: Hold

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