erifloss wrote:I don't think this twist thingy will work reason being its main objective is to make people borrow who seem to be averse to borrowing under the current low rates. Reality is QE3 has to be implemented for some movement to take place.
@nab, copying & pasting culprit is known though hisah is not the one. We also do need a doom & gloom guy who'll keep our optimism in check with reality.
Btw Bernanke has been one of the best fed chair so far; kept inflation at a low, treasury yields low, a kind of a stable dollar etc during a period that the markets underwent a recession & might be going through another, 2 wars, an Arab uprising, a debt of $14 trillion etc
Thank you Erifloss on the Bernanke comment, this guy is very much underappreciated.
About Hisah, he does give insightful reviews, my only problem with him is he ends up being a newscaster/ doom prophet. One gets the impression that they should just sit out and wait while the world markets collapse. Every gloom situation he brings forth has potential to make money ( though I wouldnt touch Greece) It should be noted that during the GFC people like Nancy Pelosi made millions, just imagine GS was trading at $45. Now we are heading back in that direction, as investors we should be looking for good deals not just preaching that the sky is falling. I will lead by example, Moneygram is trading at $2.55, thats a great deal. Just about everyone uses Moneygram to wire money, plus Moneygram buys your cash at $X and sells it to your receiver at $X-2, thats a good profit margin. Most importantly, Goldman Sachs owns I think 29% of Moneygram, Im watching this stock carefully, will make a plunge in in October when the markets collapse.