Subject:
Ben Bernanke Ben Shalom Bernanke (born December 13, 1953) is an American economist. Bernanke succeeded Alan Greenspan as the Chairman of the United States Federal Reserve on February 1, 2006. He was nominated for a second term by President Barack Obama in 2009 as the Chairman of the Federal Reserve. [Wikipedia]
Good and bad banks
By John Schroy, on May 8th, 2009 |

In May 2009, the Obama administration divided some of America’s largest banks into ‘good banks’ and ‘bad banks’.
This broke a long-standing practice of protecting the reputation of the US banking system. The Obama government seized TARP funds as an instrument of political power.
Banks, large and small, are now eager to escape the trap of taking TARP funds, which will require them to raise $74.6 billion, either by selling equities on the market, or from profits.
Jimmy Carter Redux
By John Schroy, on May 4th, 2009 |

As of this writing, the term “stagpression” gathers only 145 hits on Google. This is probably because the term — meant to suggest high unemployment plus high inflation — does not convey this meaning effectively.
So we’re stuck with the term “stagflation”. Or maybe something like, “stagflation on steroids”, although this seems a bit hackneyed.
Under President Obama, the Carter combination of inflation and unemployment are likely to return — with a vengeance. Fed Chairman, Ben Bernanke, seems to have read the wrong books about the Great Depression.
Arguments for inflation
By John Schroy, on March 13th, 2009 |

This article is in response to a reader’s comment as to the future of US housing prices. Specifically, whether residential prices will rise 30% by August 2015. I argue that this is essentially a question as to whether the Obama administration will lead to continued deflation or a return of inflation.
I present a series of arguments for predicting inflation and consequently the revival of residential real estate prices by 2015. Basically it comes down to the declining political fortunes of Barack Obama intersecting with the excessive spending habits of the Pelosi-Reid Congress.
Popular Articles