Who Is Bernanke Saving? It’s Not the Banks


This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com


The Beard has a subtle message for the banks:

benmessage2.png

The amazing Michael Shedlock over at Mish’s Global Economic Analysis recently posted an article about leveraged buyouts and the effect of the current credit situation. Among many insights, he quotes an article from Financial Times that says:

Ironically, the Federal Reserve’s dramatic 1.25 percentage point cut in interest rates in January contributed to Harrah’s problem, because loans are floating rate and with benchmarks such as Libor dropping, returns to investors fall proportionately.

It seems that Bernanke agrees with the Fly’s sentiments. The Fed is clearly trying to save the economy from recession, and hang everyone else. The banks are getting no free ride here.


This post was contributed by a guest author, and does not necessarily reflect the views of Richard or MovetheMarkets.com


5 Responses

  1. Mr. White Folks Says:

    i think u may be right about bernanke being a fly reader…it wasn’t reported, but in the fed minutes, he called the lone dissenter a fucktard

  2. jay Says:

    RFLMAO

  3. John Says:

    Hello.. in an unrelated matter i’ve been using that ninja trader platform that you guys suggested, and
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    anyone knows how i can get a TS (tradestation) data feed, and if possible if i can get this for free
    or maybe if i can get any kind of data feed that will show REAL market data, i want to test what i’ve learned
    under real market conditions cuzz so far… im winning with simulation data but in some cases i find that
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    a point here and there about 70% of the time anyway real market data is something i wanna take a crack at.

  4. Mike Says:

    Try this demo John
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  5. John Says:

    Hi again, I tried downloading ninjatrader 6.5, but it says i need to download
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