tag:blogger.com,1999:blog-2986124651030959736.post2922306072470459276..comments2024-03-29T08:03:35.151-05:00Comments on Stocks, Bonds & Politics: Added 50 ARY @ 23.75/Bought 1 Mueller Water Bond & 1 United Refining Senior Bond at 95.5/Bought 50 JZS at 23.37/Bought Back 100 ERC at 15.63TENNINDEPENDENThttp://www.blogger.com/profile/17444227958539559639noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2986124651030959736.post-21502431931163440852010-12-08T19:45:07.875-06:002010-12-08T19:45:07.875-06:00Stewart's video is available at his web site: ...Stewart's video is available at his web site: http://www.thedailyshow.com/ <br /><br />I had forgotten that Uncle Ben admitted the FED was printing money in his prior interview on 60 minutes. The FED creates money to buy the securities but Bernanke has refined his pitch on the meaning of printing money to include only money that is created and in circulation, as distinguished from sitting in some bank vault gathering dust. <br /><br />Randall Forsyth in his Barron's column aptly noted that Ben's new definition, which includes only money in circulation, was the least relevant factor in determining "money stock" , more important to drug dealers and other sorts who favor cash transactions, and was just a "silly" assertion. <br /><br />So rather than saying that our Uncle Ben has lied, I would just say that he has further refined his views after much reflection. Besides it needs to be called something else other than money creation to keep those foreigners buying out debt.TENNINDEPENDENThttps://www.blogger.com/profile/17444227958539559639noreply@blogger.comtag:blogger.com,1999:blog-2986124651030959736.post-30630113415342769792010-12-08T19:15:40.817-06:002010-12-08T19:15:40.817-06:00Leave it to John Stewart to expose Ben Bernanke as...Leave it to John Stewart to expose Ben Bernanke as a liar, despite you wanting to call it something else, enjoy, everyone.<br /><br />http://globaleconomicanalysis.blogspot.com/2010/12/caught-in-massive-lie-daily-show.htmlAnonymousnoreply@blogger.com