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Should Ben Bernanke Lose His Job?
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Fox panelist discussed how  Ben Bernanke's appearance before a Senate panel on Valentine's Day wasn't greeted affectionately on Wall Street. The Fed chairman's pointed update on the Federal Reserve's current thinking on the economy and financial markets on Feb. 14 before the Senate Committee on Banking, Housing & Urban Affairs put a damper on both stocks and Treasuries. Overall the Fed said that the economy is experiencing "sluggish growth". However, everyone  does feel that the Fed isn't being clear with his communication.

 



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 3 Income versus Hous payments
Written by This e-mail address is being protected from spam bots, you need JavaScript enabled to view it , on 04-28-2008 21:21
Rate cuts wont have an effect in the short term. income versus house payment is the real problem. NegAm loans another problem. And it is all connected to Fuel. Bio/fossil/whatever it is taking a toll on the American economy. With high food costs, high gas prices, it is harder to pay for your million dollar house that 2 years ago was worth half that. Income versus house payments.
 4 Crisis
Written by This e-mail address is being protected from spam bots, you need JavaScript enabled to view it , on 02-20-2008 16:43
I don't think that the Fed can really empathize with the issues that we're faced with in California and that is our major challenge. CA has the worlds 8th largest GDP and the is responsible for something like 13% of the US's GDP. What is unfortunate is what is a slight problem, or slight recession, in other areas of the country is a crisis (as Mr. Parker alluded to) here in CA. The Fed should know that economic uncertainty is caused by lack of communication; and in a state like Ca that is largely driven by housing, even if housing prices are lower, if consumers are confident, that aren't going to buy. I think it will be interesting to see how Bernanke spins this issue though...this is the first major storm he's had to weather.
 5 Too Little Too Late?
Written by This e-mail address is being protected from spam bots, you need JavaScript enabled to view it , on 02-15-2008 10:18
How could lowering the rates over the past couple of months stimulate the real estate market? The Feds could have lowered them by 3.5% and that would not have improved the housing market. This rate cut was the traditional way of stimulating economic growth and not a solution in entirely different kind of market. Too little Too late By the time the Feds cut rates most homeowners had little or absolutely no equity to refinance and/or didn’t qualify to meet the lenders stringent loan requirements. I concur with Mr. Parker on how the government has to do something "more aggressive" and "non-traditional" to resuscitate the economy. This is a nationwide crisis not just California.

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