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(Bloomberg)   When asked if he would like his pizza cut into 6 or 8 pieces, Bernanke replied "8, I'm feeling really hungry today"   (bloomberg.com) divider line 133
    More: Dumbass, Bernanke, Federal Reserve, federal funds rate, Greg Mankiw, Charles Plosser, Federal Open Market Committee, time horizon, Chairman of the Federal Reserve  
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12727 clicks; posted to Main » on 14 Sep 2012 at 11:25 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-09-14 09:12:54 AM  
Everyone knows that smaller portions contain fewer calories subby.
 
2012-09-14 09:14:30 AM  
What's wrong with dropping the rate below zero?

People should pay the Government to take their money. Otherwise, we'll just waste it.

// Think outside the box.
 
2012-09-14 09:48:14 AM  

AbbeySomeone: Everyone knows that smaller portions contain fewer calories subby.


And eating off your husband's plate has zero calories.

/so my wife says
//works for her
 
2012-09-14 10:48:04 AM  
How dare Bernanke try to make the economy better while Obama is in office. How dare he.
 
2012-09-14 11:27:33 AM  
Bernanke is making a lot of shorts happy today. If the intention was to give Wall Street speculators a fat bonus, mission accomplished.
 
2012-09-14 11:29:55 AM  
It makes sense if Bernanke pays his staff in slices.
 
2012-09-14 11:30:18 AM  
He looks like he should star in a film called "Boring John Malkovich".
 
2012-09-14 11:30:32 AM  
A finance joke?

On MY Fark?

/ chuckle'd
 
2012-09-14 11:31:53 AM  
"Nobody goes there anymore. It's too crowded."

"If the people don't wanna come, you can't stop them."

"baseball is 90% mental. the other half is physical."

"if you come to a fork in the road, take it."

"You gotta be really careful when you don't know where you're going, because you may not get there."


*dooooozzzzzhhhhhh*

The Tao of Yogi
 
2012-09-14 11:33:57 AM  
You know who hates this guy right now? Guys with millions invested in bonds. Everyone else that just wants the economy to speed up - meh, he's a-okay.
 
2012-09-14 11:38:14 AM  
I was unaware that we'd all agreed that the recession ended in June of 2009.
 
2012-09-14 11:40:09 AM  

Arkanaut: It makes sense if Bernanke pays his staff in slices.


*slow economics clap*
 
2012-09-14 11:42:48 AM  

Arkanaut


It makes sense if Bernanke pays his staff in slices


Sounds like a pay... cut.
 
2012-09-14 11:44:41 AM  
I like a good headline as much as the next farker, but I farking hate it when people just make up quotes and attribute them to people just to make their joke. Its bad form.

[you're a bad person and should feel bad.jpg]
 
2012-09-14 11:44:59 AM  

grinding_journalist: I was unaware that we'd all agreed that the recession ended in June of 2009.


It's not about agreement. It's about math.
 
2012-09-14 11:45:44 AM  
I for one would like to thank Mr. Bernake for the 0.35% I'm getting on my money market.

/yay capitalism
 
2012-09-14 11:46:11 AM  
Bernanke has come under attack from Republican presidential candidate Mitt Romney, who said he won't reappoint the Fed chairman and criticized his policies as ineffective and a threat to price stability.

Lol, a Mormon in the White House? I know some were surprised with a black man getting in there, but sober up already. Did everyone forget the Southpark documentary?!?
 
2012-09-14 11:47:00 AM  
hahahaha, let out a guffaw at the headline. good stuff
 
2012-09-14 11:49:43 AM  

grinding_journalist: I was unaware that we'd all agreed that the recession ended in June of 2009.


Well, mathematically, yes. Slow economy doesn't mean recession. But it still blows.
 
2012-09-14 11:51:14 AM  
Very subtle and effective headline, Subby. I approve.
 
2012-09-14 11:51:23 AM  
Hey... That article didn't have anything to do with pizza. Subby is a jerk... :(
 
2012-09-14 11:55:45 AM  

Cletus C.: Bernanke is making a lot of shorts happy today. If the intention was to give Wall Street speculators a fat bonus, mission accomplished.


Which shorts would that be?
 
2012-09-14 11:55:56 AM  

Englebert Slaptyback: Sounds like a pay... cut.


YEAAAAAAAH!
 
2012-09-14 11:56:03 AM  

Cletus C.: Bernanke is making a lot of shorts happy today. If the intention was to give Wall Street speculators a fat bonus, mission accomplished.


Yeah, no.

Also, why is the government purchasing bonds? Everyone knows it isn't working. I'm not a huge Romney supporter but his two pronged plan of tax cuts and TAX CUTS to right the economy is the better method.
 
2012-09-14 11:56:04 AM  

spiderpaz: You know who hates this guy right now? Guys with millions invested in bonds. Everyone else that just wants the economy to speed up - meh, he's a-okay.


why you say that? He announced that the Fed are keeping rates at current levels and has plans to buy bonds. Both of those things are good news for bond holders.
 
2012-09-14 11:56:40 AM  

bartink: Cletus C.: Bernanke is making a lot of shorts happy today. If the intention was to give Wall Street speculators a fat bonus, mission accomplished.

Which shorts would that be?


the ones who are short SDS
 
2012-09-14 11:56:49 AM  
If he wants more pizza, he better print more dough.
 
2012-09-14 11:57:38 AM  

rickythepenguin: "Nobody goes there anymore. It's too crowded."

"If the people don't wanna come, you can't stop them."

"baseball is 90% mental. the other half is physical."

"if you come to a fork in the road, take it."

"You gotta be really careful when you don't know where you're going, because you may not get there."


*dooooozzzzzhhhhhh*

The Tao of Yogi


"Life's a dirty game, you gotta play dirty to win." -Harris
 
2012-09-14 11:58:06 AM  

itwasabright: If he wants more pizza, he better print more dough.


this post is cheesy
 
2012-09-14 11:58:23 AM  
Bernanke can only do so much. What needs to happen is either a higher level of government spending or something like another payroll tax cut. The Fed can't do that. So he has to diddle with the money supply in hopes that if people feel like they have more dollars, they start spending them.

At least this time he's buying housing assets. Maybe that will put some of the housing construction folks back to work. Who knows?
 
2012-09-14 11:58:34 AM  

rickythepenguin: "Nobody goes there anymore. It's too crowded."

"If the people don't wanna come, you can't stop them."

"baseball is 90% mental. the other half is physical."

"if you come to a fork in the road, take it."

"You gotta be really careful when you don't know where you're going, because you may not get there."


*dooooozzzzzhhhhhh*

The Tao of Yogi


It's deja vu all over again!

/in before me
 
2012-09-14 11:59:20 AM  
All I know is that the magic box's magic numbers are going in the green direction.
 
2012-09-14 11:59:22 AM  

Marcus Aurelius: How dare Bernanke try to make the economy better while Obama is in office. How dare he.


It doesn't matter who's in office, bad fiscal policy is bad fiscal policy. Fighting stagnation with inflation is one of those no brainer bad decisions.
 
2012-09-14 12:00:16 PM  
i1136.photobucket.com
 
2012-09-14 12:02:03 PM  

bartink: Bernanke can only do so much. What needs to happen is either a higher level of government spending or something like another payroll tax cut. The Fed can't do that. So he has to diddle with the money supply in hopes that if people feel like they have more dollars, they start spending them.

At least this time he's buying housing assets. Maybe that will put some of the housing construction folks back to work. Who knows?


problem with monetary policy is that, theoretically, it is presented as if money laden helicopters are dropping Benjamins on the masses in proportional quantities. In practice it actually goes to banks, which then goes to bank customers via loans (and trading, thanks GLB) and only eventually trickles out to the lower income classes after prices have already risen.
 
2012-09-14 12:05:05 PM  

Boxcutta: Also, why is the government purchasing bonds? Everyone knows it isn't working. I'm not a huge Romney supporter but his two pronged plan of tax cuts and TAX CUTS to right the economy is the better method.


Yes and no. He's giving tax cuts to the wrong people. The wealthy are simply going to save them until aggregate demand goes up, not spend them causing demand to go up. And although he hasn't released enough details of his "plan" to even know how it will come out, he's told us enough that its clear the wealthy are gonna get a monster tax cut and taxes will probably go up on those in the middle class, if not the poor as well.

The question is, what is Obama going to do? Raise taxes? That'd clearly be worse right now, but who knows what's going to be negotiated with this fiscal cliff nonsense heading our way. We don't even know which party will be negotiating with him yet.

So, who knows. Romney's plan sucks and Obama's might very well be worse, but we just don't know yet.
 
2012-09-14 12:05:16 PM  
The wheels on the bus are falling off...
 
2012-09-14 12:05:44 PM  

lewismarktwo: All I know is that the magic box's magic numbers are going in the green direction.


Watching the Brawndo stock again?
 
2012-09-14 12:09:53 PM  

skullkrusher: problem with monetary policy is that, theoretically, it is presented as if money laden helicopters are dropping Benjamins on the masses in proportional quantities. In practice it actually goes to banks, which then goes to bank customers via loans (and trading, thanks GLB) and only eventually trickles out to the lower income classes after prices have already risen.


This is the problem indeed. This is why all of this criticism of Bernanke is retarded. He's at the zero bound. What the fark can he do?

The problem is congress and perhaps the president as well. Hell, the problem is that people are obsessing with the deficit instead of worrying about people having enough money in their pockets to buy the output we are actually producing. We need some kind of government stimulus. Tax cuts, more spending, something.

Because watching what the Fed is doing is like watching a group of perverts trying to inflate a blow up doll with a leak in it. No one's gonna fark it until it holds some air.
 
2012-09-14 12:10:27 PM  

Mose: Watching the Brawndo stock again?


It's got what portfolios crave.
 
2012-09-14 12:11:53 PM  
cdn.motinetwork.net
A picture worth 1000 words.
 
2012-09-14 12:12:29 PM  

bartink: skullkrusher: problem with monetary policy is that, theoretically, it is presented as if money laden helicopters are dropping Benjamins on the masses in proportional quantities. In practice it actually goes to banks, which then goes to bank customers via loans (and trading, thanks GLB) and only eventually trickles out to the lower income classes after prices have already risen.

This is the problem indeed. This is why all of this criticism of Bernanke is retarded. He's at the zero bound. What the fark can he do?

The problem is congress and perhaps the president as well. Hell, the problem is that people are obsessing with the deficit instead of worrying about people having enough money in their pockets to buy the output we are actually producing. We need some kind of government stimulus. Tax cuts, more spending, something.

Because watching what the Fed is doing is like watching a group of perverts trying to inflate a blow up doll with a leak in it. No one's gonna fark it until it holds some air.


That's the big flaw in any monetary policy. We need to get devise plans to get people to spend again. This is where trickle down actually makes sense. The wealthiest have money, the poorer do not. Demand has to come from those who have the wherewithal to drive it right now. Get the rich to spend money. Incentives to buy American. Tax abatements on the purchase of big ticket items. I think if done correctly this could add a boost to US industry that adding money to the money supply cannot.
 
2012-09-14 12:12:40 PM  
I feel like I've see this exact thread two previous times. I bet the Fark prognosticators have made a killing over the past three years following their own advice.
 
2012-09-14 12:15:35 PM  

smitty04: [cdn.motinetwork.net image 640x384]
A picture worth 1000 words.


Are there really people out there who want to abolish the Fed? Do they not read history books or are they simply willfully ignorant of history? Do they not understand that pegging currency to a commodity would have tied the hands of the government to pull out of the recession and we would be seeing breadlines and Obamacamps in Central Park?
 
2012-09-14 12:16:21 PM  

smitty04: [cdn.motinetwork.net image 640x384]
A picture worth 1000 words.


When is this going to happen? Three years ago? Two years ago? Last year? Is this finally the time?

You can only cry wolf so many times before people start to think that you aren't anchored in reality.
 
2012-09-14 12:16:36 PM  

bartink: Because watching what the Fed is doing is like watching a group of perverts trying to inflate a blow up doll with a leak in it. No one's gonna fark it until it holds some air.


1.bp.blogspot.com
 
2012-09-14 12:16:36 PM  
hey guys, you realize currency is all made up, right? So it doesn't. frickin. matter.
 
2012-09-14 12:17:49 PM  

Boxcutta: smitty04: [cdn.motinetwork.net image 640x384]
A picture worth 1000 words.

Are there really people out there who want to abolish the Fed? Do they not read history books or are they simply willfully ignorant of history? Do they not understand that pegging currency to a commodity would have tied the hands of the government to pull out of the recession and we would be seeing breadlines and Obamacamps in Central Park?


Yes.
Yes.
They want that to prove a fiat currency doesn't work.
 
2012-09-14 12:20:22 PM  

skullkrusher: That's the big flaw in any monetary policy. We need to get devise plans to get people to spend again. This is where trickle down actually makes sense. The wealthiest have money, the poorer do not. Demand has to come from those who have the wherewithal to drive it right now. Get the rich to spend money. Incentives to buy American. Tax abatements on the purchase of big ticket items. I think if done correctly this could add a boost to US industry that adding money to the money supply cannot.


No, this is where trickle down makes no sense. If you want to use tax cuts to increase demand (a great idea, IMO), simply cut payroll taxes. Declare a freaking complete holiday until unemployment gets below 7%. Why would you think giving tax breaks for big ticket items is more stimulative than that?
 
2012-09-14 12:20:59 PM  
Subby -

If I order a pizza and it is cut into 6 pieces and I normally get full after eating two of them, what am I supposed to do If I am extra hungry but three slices would be too much?

If it is cut into 8 slices, I can now eat three slices and get full without wasting some of the pizza.

Therefore, cutting the pizza into smaller slices makes more sense if I am hungry.
 
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