Before It's News | Popular Money
Ben Bernanke To Wall Street: It's The Beginning Of The End
The bearded one says the Fed could soon pull its support for the economy By Carmel Lobello | June 19, 2013 Ben Bernanke really knows how to push Wall Street's buttons. After almost a month of nervous speculation, jittery markets, and creeping interest rates, Fed Chairman Ben Bernanke met the press this afternoon following a two-day policy meeting of the Federal Open Market Committee. His chief message: The Fed is not ready to wind down its emergency stimulus programs just yet, an exit strategy that has come to be known as tapering. But if the economy continues to grow as projected, tapering will go into effect — as soon as this year.
Chinese Banks Go Bust As Bubble Bursts
This breaking Friday morning story comes to us from Zero Hedge and Pivotfarm who warns us that China's bubble has popped and it's quickly approaching 'dive and take cover' time for the rest of the world. Could 'falsification' of economic data by the Chinese government have something to do with this timing? A video report from ChinaForbiddenNews shares that a local Communist party leadership has been falsifying economic data, but for how long? Dive!
Everything Is Being Sold - Market Crash Warning
Chris Martenson * Peak Prosperity Global financial markets are now in a very perilous state, and there is a much higher than normal chance of a crash. Bernanke's recent statement revealed just how large a role speculation had played in the prices of nearly everything, and now there is a mad dash for cash taking place all over the world. After years of cramming liquidity into the markets, creating massive imbalances such as stock markets hitting new highs even as economic fundamentals deteriorated (Germany) or were lackluster (U.S.), junk bonds hitting all-time-record highs, and sovereign bond yields steadily falling even as the macro economics of various countries worsened markedly (Spain, Italy, Greece, and Portugal), all of this was steadily building up pressures that were going to be relieved someday. Just over a month ago, Japan lit the fuse by destabilizing its domestic market, which sent ripples throughout the world.
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