Drudge Retort: The Other Side of the News
Saturday, May 17, 2014

In a series of quarter-million-dollar dinners with wealthy private investors, Ben Bernanke has been clearer than he ever was as chairman of the Federal Reserve on his expectations that easy-money policies and below-normal interest rates are here for a long time to come, according to some of those in attendance.

Bernanke, who retired from the U.S. central bank in January, has predicted the Fed will only very slowly move to raise rates, and probably do so later than many forecast because the labor market still has a lot more room to recover from the financial crisis and recession.

The accounts of the discussions come from attendees as well as those who heard second-hand what was said at the dinners, where hedge fund managers and others willing to foot the roughly $250,000 bill for each event asked the former Fed chairman questions in a free-flowing round-table fashion over recent weeks.

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Diablo

 

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I love it. Nearly interest free loans to banks as well as QE to the Nth degree are to help the labor market. BTW, what is the proper tip for a $250,000 dinner tab?

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I love it. Nearly interest free loans to banks as well as QE to the Nth degree are to help the labor market. BTW, what is the proper tip for a $250,000 dinner tab?

The hollow kind? Thank you! Thank you, very much!

#1 | Posted by redlightrobot at 2014-05-18 01:07 PM | Reply | Flag:

The labor market is still soft, but for some strange reason the righties seem to forget that in the final months of the Bush-Cheney-GOP recession we were hemorrhaging 700,000+ jobs PER MONTH (and that's with Bush's job-creating tax cuts and low interest rates) ..LOL
Now under the Kenyan Marxist-Communist dictator HUSSEIN Obama's regime, we have had 44 consecutive months of private sector job growth, and a 2 million decrease in public sector jobs (something the righties have been calling for since FDR)

#2 | Posted by SammyAZ_RI at 2014-05-18 06:58 PM | Reply | Flag:

I take it you like Bernake, Sammy?
Please tell us where all the QE money went because it did not go to shovel ready projects or workers.

#3 | Posted by Diablo at 2014-05-18 09:06 PM | Reply | Flag:

and AS ALWAYS...the radical left, now in form of SAMMYAZ gives us employment numbers and gleefully OMITS the word "NET"....the ONE word that tells us what we need to know.....

and also just HAPPENS to leave out the fact that this is the SLOWEST recovery from a recession since FDR...but then IF they did, all they'd have to tell the low info voters are those simple words the "LOWEST" of the low information voter needs to hear

"it's bush's fault"

reason I'm here?? great title there DEVIL man...Bushama Bernake...LOVE it...

#4 | Posted by afkabl2 at 2014-05-18 09:09 PM | Reply | Flag:

and I hate for others to lose money.....but when the market crashes...WHEN it does after the fed stops throwing BILLIONS at it to keep it up while OBAMA is there....I'll feel bad for them, but not that bad.

#5 | Posted by afkabl2 at 2014-05-18 09:11 PM | Reply | Flag:

throwing BILLIONS artificially into the economy...should have said.

#6 | Posted by afkabl2 at 2014-05-18 09:12 PM | Reply | Flag:

and I hate for others to lose money.....but when the market crashes...WHEN it does after the fed stops throwing BILLIONS at it to keep it up while OBAMA is there....I'll feel bad for them, but not that bad.
#5 | Posted by afkabl2 at 2014-05-18 09:11 PM

What a conundrum when you cannot audit your own programs, let alone the globally-impacting private sector fiat currency manufacturing "bank" that is floating your nation on a sea of borrowed 1% Wall Street gains as 99% of your citizenry loses! This nation is ending up with such wealth concentration that an Exchange system will become irrelevant. Nations will become irrelevant. How progressive!

#7 | Posted by redlightrobot at 2014-05-19 12:26 PM | Reply | Flag:

Don't assume that is the intention, Redlight. I tend to suspect the Pols are fatting the calf for the slaughter.
It's exactly what Hitler did. He wooed the industrialists for support then swooped in to control industry totally.

#8 | Posted by Diablo at 2014-05-19 01:33 PM | Reply | Flag:

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