The Bernank Says He Is Responsible For Higher Stocks Not Higher Commodity Prices

The chairman of the Federal Reserve bank held a press conference today and took questions from reporters. This is the central banks way of being transparent as Congressman Ron Paul says he wants a full audit of the U.S. central bank. To the credit of CNBC news anchor, Michelle Caruso Cabrera, she pointed out that Ben Bernanke admitted he is behind the higher asset prices in the stock market, however, he said his actions were not the cause of inflation that is taking place in the world today. Oh, I guess this is just another conundrum as the Bernank takes a page out of Alan Greenspan’s book.

About Nicholas Santiago 576 Articles


Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

Visit: InTheMoneyStocks

Be the first to comment

Leave a Reply

Your email address will not be published.