Economy: Blinder on Bernanke, Credit Cards Best Customers, Brian Wesbury on Bernanke

May 20th, 2009 · No Comments

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Blinder: Bernanke Not Likely to Slam on Brakes – Dan Weil – Some experts warn that the massive fiscal and monetary stimulus adopted by the government and Federal Reserve will spark an inflation crisis. Former Fed Vice Chairman Alan Blinder disagrees.  He argues in a New York Times opinion piece that reversing the stimulus poses a greater danger. Such a move would throw the economy into a more damaging downward spiral, he says. Blinder compares our situation to the 1930 … – MoneyNews 

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Credit Card Industry Aims to Profit From Sterling Payers - By ANDREW MARTIN – … Now Congress is moving to limit the penalties on riskier borrowers, who have become a prime source of billions of dollars in fee revenue for the industry. And to make up for lost income, the card companies are going after those people with sterling credit. … – NY Times  

(No brain science here – people will go to wherever the best deal is. – After being scr*wed for 1 month, the good customers will leave. – BC)
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Obama Should Reappoint Bernanke – Brian S. Wesbury and Robert Stein – The present Fed chairman is a much better choice than Larry Summers. – Forbes




Tags: Consumer · Economy · Mortgage Market

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