News and Views About the Chairman of the United States Federal Reserve

Ben Bernanke

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NEW YORK, Feb. 2, 2012 /PRNewswire/ -- This week brought yet another record low in mortgage rates, with the average 30-year fixed mortgage rate falling to 4.12 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.29 discount and origination points. (Logo: http://photos.prnewswire.com/prnh/20040122/FLTHLOGO) To see mortgage rates in your area, go to http://www.bankrate.com/funnel/mortgages. The average 15-year fixed mortgage retreated to 3.34 percent, while the jumbo 30-year fixed mortgage slid to 4.55 percent. The average 5-year and 7-year adjustable mortgage rates dropped to 3.02 percent and 3.24 percent, respectively. All of these are record lows.   Home buyers and refinancers can thank Ben Bernanke and the Federal Reserve for this most recent drop in mortgage rates. The pledge to keep short-term i... (more)

Wall Street News Alert: IWWI Is Wednesday's Stock to Watch! August 8, 2007

WESTON, FL -- (MARKET WIRE) -- 08/08/07 -- Wall Street News Alert's "stocks to watch" this morning are: Inform Worldwide Holdings, Inc. (OTCBB: IWWI), Level 3 Communications (NASDAQ: LVLT), Microsoft (NASDAQ: MSFT) and eBay Inc. (NASDAQ: EBAY). Having just recently received a $4.20 price target by Beacon Equity Research (details below), Inform Worldwide Holdings, Inc. (OTCBB: IWWI) should have investors watching this stock closely. Recently the company issued a press release announcing that its subsidiary, One World Energy Corporation ("OWEC"), has entered into an Independent Contractor Agreement ("Contractor Agreement") with Ralph Smith & Son, Inc. ("Smith") under which OWEC has granted Smith the right of first refusal as mining operator for surface coal mining projects OWEC acquires. In addition, the Company and Beckham have entered into a Coal Bed Methane Lease ... (more)

TIME Names United States Federal Reserve Chairman Ben Bernanke 2009 Person of the Year

NEW YORK, Dec. 16 /PRNewswire/ -- In the most anticipated issue of the year, out Friday and now on TIME.com, TIME names United States Federal Reserve Chairman Ben Bernanke the 2009 Person of the Year. TIME's Person of the Year issue has the first full, on-the-record print interview with Bernanke since he became Chairman of the Federal Reserve. http://www.time.com/time/specials/packages/1,28757,1946375,00.html (Photo: http://www.newscom.com/cgi-bin/prnh/20091216/NY27003 ) PLUS: EXCLUSIVE INTERVIEWS WITH PERSON OF THE YEAR RUNNERS UP: #2 GENERAL STANLEY MCCHRYSTAL, #3 "THE CHINESE WORKER," #4 NANCY PELOSI AND #5 USAIN BOLT EXCLUSIVE: IN A SERIES OF THREE INTERVIEWS, BERNANKE TELLS TIME: On the financial crisis: "We came very, very close to a depression...The markets were in anaphylactic shock. I'm not happy with where we are, but it's a lot better than where we co... (more)

Bernanke Should Go Back to Teaching

The following blog entry, from March 10, 2009 expressed my opinion on Mr. Bernanke. Eight months later the majority of the congress and a great portion of the financial world seem to agree with my opinions below. Rewind the tape and watch his opinions on the housing disaster and the direction our banking system took. He says everything is cool, and there is nothing to worry about as close as two years ago. He was as wrong as Jim Kramer recommending to buy more Bear Sterns stock 30 days before their collapse! (March 10, 2009) - I am watching yet another Bernanke speech with a Council of Foreign Relations backdrop. This guy was born to be a University professor. All he is talking about is what a parrot would read from the text books. He is not qualified for the job for what we need now during the depression of 2009. No one cares what he thinks. At least Greenspan had ... (more)

Is now the right time to buy?

I'm sure there are many people asking the question, "Is now the right time to buy?". Nobody really knows for sure. However, there are some facts that you can look at to help evaluate whether or not now is the right time to buy. For one, mortgage rates are currently close to the lowest they've been in almost 50 years. In addition, home prices are low and probably close to the bottom. There may be a little more ways to go, but I think we're close. With the Spring homebuying season upon us, we may see an increase in sellers in the market, which will increase inventory and possible push home values even lower. Read more According to Federal Reserve Chairman Ben Bernanke, an economic recovery will not begin until next year. Read more Along with low home prices and low mortgage rates, there's also the First-Time Homebuyer Tax Credit of up to $8,000. This is an additional ... (more)

Everything Channel's CRN Announces the Top 100 Most Influential Executives in the Industry

FRAMINGHAM, Mass., Nov. 30 /PRNewswire-FirstCall/ -- Everything Channel's CRN, a UBM company, today announced the Top 100 Most Influential Executives in the Industry. The Top 100 Most Influential Executives in the Industry listing recognizes the executives who have changed the way the channel does business today and in the future. This year's list salutes the 25 Most Influential Executives, the 25 Channel Sales Leaders, the 25 Most Innovative Executives and the 25 Mavericks. (Logo: http://www.newscom.com/cgi-bin/prnh/20091130/NY18003LOGO) "With so many innovative channel executives in the industry today we've expanded our list to include 100 executives. We've highlighted the most influential, the sales leaders, the most innovative as well as those who have changed the rules of the channel. We salute these leaders for their hard work and devotion to the technol... (more)

Bernanke is Dr Strangelove

Or how I learned to stop worrying and love Quantitative Easing. This is it, the US pressed the nuclear button, buying its own treasuries in order to flood the market with paper and depress long term rates. Theft on a grand scale, international theft at that. The masses timidly applaud. The dollar tanks, the US markets rally. Why do they rally? QE is effectively delayed "inflation". Inflation means you are poorer but the numbers are up so you feel "richer". Inflation is an unfair tax as it is essentially a flat tax on the poor. More fair would be debt moratorium on fake money issued by banks, how practical that would be I have no idea. In the meantime and from distance, the US continues floating banks with taxpayer money via inflation and QE and no one is the wiser for it. What lack of basic financial education will do to an otherwise healthy democracy... I am not blamin... (more)

The Zacks Analyst Blog Highlights:Tesla Motors, Goldman Sachs, Nissan Motor, General Motors and Cracker Barrel Old Country Store

CHICAGO, July 19, 2013 /PRNewswire/ -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Tesla Motors Inc. (Nasdaq:TSLA-Free Report), Goldman Sachs (NYSE:GS-Free Report), Nissan Motor (OTC:NSANY-Free Report), General Motors (NYSE:GM-Free Report) and Cracker Barrel Old Country Store Inc. (Nasdaq:CBRL-Free Report). (Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO) Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free. Here are highlights from Thursday's Analyst Blog: Tesla Motors Regains Glory Tesla Motors Inc. (Nasdaq:TSLA-Free Report) has regained its glory by escalating 10.3% yesterday for the first time since its disappointing d... (more)

Upcoming Issue of ai5000: Black Swan Author Nassim Taleb Lists Bernanke's Six Problems

STAMFORD, Conn., Jan. 25 /PRNewswire/ -- In the fourth issue of ai5000, set to publish in February, Black Swan author Nassim Taleb presents a list of six problems that encumber Federal Reserve chairman Ben Bernanke: 1. His education is in tools that aren't helpful - and he doesn't know it. 2. He studied the Great Depression, but the current economic environment is not comparable. 3. Bernanke doesn't recognize that 99% of risk is tied to debt/leverage and the explosion of connectivity. It's like he did not see a truck coming right at him. 4. He has no notion of nonlinearities, and how monetary policies can be responsive in non-linear ways. 5. He doesn't understand fat tails. 6. He doesn't realize that the biggest risk of failure is signified by the Federal Reserve. We do not need more regulation. We actually need smaller institutions. In an interview with... (more)

CreditCards.com: Weekly Credit Card Rate Report

Annual percentage rates for credit cards barely budged, according to the CreditCards.com Weekly Credit Card Rate Report, as banks held rates steady despite a torrent of worsening economic news. Of the nine credit card categories tracked by CreditCards.com, one rose slightly and eight remained unchanged. Rates for card categories tracked by CreditCards.com are listed below:   Credit Card Rate Averages       Avg. APR Last week 6 months ago Balance Transfer 9.97% 9.97% 9.74% Business 11.52% 11.52% 9.93% Low Interest 10.70% 10.70% 10.61% Bad Credit 10.82% 10.82% 12.49% Cash Back 12.13% 12.13% 11.20% Instant Approval 11.65% 11.62% 9.94% Reward 12.33% 12.33% 11.43% Airline 12.28% 12.28% 12.47% Student 14.34% 14.34% 14.99%   Source: CreditCards.com Updated: 10-23-08 Following the Federal Reserve's unscheduled rate cut two weeks ago and Fed chief Ben Bernanke's recent warnin... (more)

Adobe Systems, FedEx, Oracle, Nike and General Millsare part of Zacks Earnings Preview:

CHICAGO, Dec. 16, 2013 /PRNewswire/ -- Zacks.com releases the list of companies likely to issue earnings surprises. This week's list includes Adobe Systems (Nasdaq:ADBE-Free Report), FedEx (NYSE:FDX-Free Report), Oracle (NYSE:ORCL-Free Report), Nike (NYSE:NKE-Free Report) and General Mills (NYSE:GIS-Free Report). (Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO) To see more earnings analysis, visit http://at.zacks.com/?id=3207. Every day, Zacks.com makes their Bull Stock of the Day available, free of charge. To see it, click here. Fed in Focus as Q4 Earnings Reports Trickle In The market's focus is justifiably on the Fed this week, given expectations that the FOMC will start 'Tapering' its bond-purchase program. Also of interest, will be the FOMC members' updated economic forecasts, and Bernanke's last press conference as the Fed Chairman, where he will try ... (more)