Romney's plan to dump Bernanke may hurt markets [Archive] - Glock Talk

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snerd
10-14-2012, 16:20
Easy money will always have its defenders, but in this case, it's also a question of Wall Street liking the Fed chairman's stewardship.

Will Romney's plan to replace Federal Reserve chairman Ben Bernanke result in damage to the markets? Some analysts apparently think so - or want you to think so.
Read more: http://www.americanthinker.com/blog/2012/10/romneys_plan_to_dump_bernanke_may_hurt_markets.html#ixzz29JZ8IMmD

countrygun
10-14-2012, 16:26
It begs the question be asked,

"If the hypothesis is true, then isn't that a good reason, in and of itself, to do it?"

janice6
10-14-2012, 16:35
Everyone dumps a turd all the time. It's just his turn to be dumped.

czsmithGT
10-14-2012, 16:48
If Romney is elected, then Bernanke will have a year to change Romney's mind. If he can't do that he should go.

DOC44
10-14-2012, 17:22
he needs to be flushed..... screw the attempted intimidation based on possible market reaction.

Doc44

cowboy1964
10-14-2012, 19:06
At this point anything less than full speed ahead with money printing is going to hurt the markets.

Bernanke should be kicked out on his arse.

beforeobamabans
10-14-2012, 19:12
Exactly the opposite will happen if Romney appoints someone with a rep for sound money management.

ChuteTheMall
10-14-2012, 20:03
So, stocks will go on sale cheaper. Buying opportunity.:cool:

ChuteTheMall
10-14-2012, 20:12
Bernanke could make us all rich beyond our wildest dreams:



http://i48.tinypic.com/9tcrqe.jpg

janice6
10-14-2012, 20:21
Bernanke could make us all rich beyond our wildest dreams:



http://i48.tinypic.com/9tcrqe.jpg


The "new" price of a big mac.

czsmithGT
10-14-2012, 20:27
he needs to be flushed..... screw the attempted intimidation based on possible market reaction.

Doc44

From a practical standpoint it would be virtually impossible for Romney to fire the Fed Chairman prior to the end of his term in January 2014. Whether he could convince him to quit is another matter.

wjv
10-15-2012, 11:38
Make Ron Paul the Sec of the Treasury. . or head of the Fed. . That actually would be fun to watch!!

GAFinch
10-15-2012, 12:31
A few years ago, people were saying that we couldn't be too harsh on China's currency manipulation practices since they owned a good chunk of our debt. The same now applies to the Fed, which now owns more of our debt than China does. Attacking the Fed too harshly and doing an immediate audit will expose their own currency manipulation and send interest rates soaring past the threshold of us being able to pay off our debt, but we also can't let him continue obscenely violating both Austrian and Keynesian economic principles and send inflation rates soaring.