Aggressive Ben News Today : Breaking News, Live Updates & Top Stories | Vimarsana

One doesn't have to go back very far to see just how powerful the mere words of federal reserve chairman ben bernanke can be on our markets. for example, take a look at what he said this june. >> to use the analogy of driving an automobile, any slowing in the pace of purchases will be akin to letting up a bit on the gas pedal as the car picks up speed, not to beginning to apply the brakes. >> all right. to you and me that may seem like nothing more than a harmless car analogy. but according to "forbes" that simple statement about the u.s. fed potentially cutting back on bond buying drove stock...

Highly accommodative monetary policy for the foreseeable future is what's needed in the u.s. economy. >> okay. translation? after rattling markets in june and july fed chair ben bernanke made clear that the nation's central bank will continue to prop up the economy, most crucially by keeping interest rates low. the day after he said that the dow rallied. 170 points to just under 15,500. at the time an all-time high. so what's going on with the emotions of this thing? like i want to believe that economics is a science. but i look at something like that and i think, oh, no, no, no, this is magic...