Wow, and gold is down 40 bucks on this talk?
Bernanke: "A trillion there, a trillion here" <laughs>
Wow, and gold is down 40 bucks on this talk?
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Why does the great Fed Chairman always sound like a seven year old "explaining" why he was reaching in the cookie jar?
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Originally Posted by Carson
he is a puppet
In that short clip, Benanke was correct, surprisingly. The interest rate isn't a big of a deal as compared to the debt that is being racked up each year. $100B more in interest payments a year isn't nearly as bad as $1T more in debt. Too bad Congress seems unable to grasp that...
Turning the GOP into a party of liberty will not be a quick race, it will be a marathon.
the belt tightening verses spending swings in institutions
like our pentagon is the "trill here, trill there" quip thingie?
Uhhhh, what??
"If you study science deep enough and long enough, it will force you to believe in God." ~Lord Kelvin
Yeah but if interest rates on the 10 year were more like 5%, that would make an immense difference. I'd agree that around the margins it's not material, but it can grow unwieldy quite quickly.
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