Comments on: Bernanke testimony http://www.ritholtz.com/blog/2009/06/bernanke-testimony-2/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sat, 21 Nov 2009 19:59:24 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Bank-Implode! » Blog Archive » Don Bernake http://www.ritholtz.com/blog/2009/06/bernanke-testimony-2/comment-page-1/#comment-186640 Bank-Implode! » Blog Archive » Don Bernake Thu, 25 Jun 2009 17:06:12 +0000 http://www.ritholtz.com/blog/2009/06/bernanke-testimony-2/#comment-186640 [...] looks like Peter Boockvar at The Big Picture has the fascination too. If you have ever seen the Godfather you will get it instantly. Someone [...] [...] looks like Peter Boockvar at The Big Picture has the fascination too. If you have ever seen the Godfather you will get it instantly. Someone [...]

]]> By: alfred e http://www.ritholtz.com/blog/2009/06/bernanke-testimony-2/comment-page-1/#comment-186536 alfred e Thu, 25 Jun 2009 14:39:36 +0000 http://www.ritholtz.com/blog/2009/06/bernanke-testimony-2/#comment-186536 @franklin: You go guy. THanks for the scoop on things. @franklin: You go guy.

THanks for the scoop on things.

]]> By: drollere http://www.ritholtz.com/blog/2009/06/bernanke-testimony-2/comment-page-1/#comment-186531 drollere Thu, 25 Jun 2009 14:30:27 +0000 http://www.ritholtz.com/blog/2009/06/bernanke-testimony-2/#comment-186531 anything that happens within 10 miles of the washington penis, and happens in public, is a dog and pony. means nothing, discloses nothing, portends nothing. "the market doesn't like uncertainty" -- that's rich! the market doesn't like reality. reality is too messy, too complex, too multifactorial. the market loves illusion. any kind of illusion will do, so long as it has less to do with fundamentals than with sentiment. anything that happens within 10 miles of the washington penis, and happens in public, is a dog and pony. means nothing, discloses nothing, portends nothing.

“the market doesn’t like uncertainty” — that’s rich! the market doesn’t like reality. reality is too messy, too complex, too multifactorial.

the market loves illusion. any kind of illusion will do, so long as it has less to do with fundamentals than with sentiment.

]]> By: franklin411 http://www.ritholtz.com/blog/2009/06/bernanke-testimony-2/comment-page-1/#comment-186510 franklin411 Thu, 25 Jun 2009 13:56:22 +0000 http://www.ritholtz.com/blog/2009/06/bernanke-testimony-2/#comment-186510 How could this turn out badly, Peter? After all, Rep. Issa is one of the straightest shooters in Congress. He's a convicted car thief and he's the guy who financed the recall campaign that gave us Gov. Terminator in California. Gov. Terminator was elected on the thesis that the California budget was unbalanced, not because we weren't raising enough revenue through taxes, and not because we were spending too much. No, Arnold assured us that the imbalance was due to "waste" and he could balance our budget without having to cut spending or raise taxes. And look how well that has turned out! =) How could this turn out badly, Peter? After all, Rep. Issa is one of the straightest shooters in Congress. He’s a convicted car thief and he’s the guy who financed the recall campaign that gave us Gov. Terminator in California. Gov. Terminator was elected on the thesis that the California budget was unbalanced, not because we weren’t raising enough revenue through taxes, and not because we were spending too much. No, Arnold assured us that the imbalance was due to “waste” and he could balance our budget without having to cut spending or raise taxes. And look how well that has turned out! =)

]]> By: Groty http://www.ritholtz.com/blog/2009/06/bernanke-testimony-2/comment-page-1/#comment-186484 Groty Thu, 25 Jun 2009 13:03:25 +0000 http://www.ritholtz.com/blog/2009/06/bernanke-testimony-2/#comment-186484 Life imitates art. Life imitates art.

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