Chairman Bernanke - Time To Act Not Talk

Time To Act Not Talk 1 16 8

Chairman Bernanke

Don’t kill us with boredom and more distress,

Let’s get on solving the mess.

Drop the discount rate again in the morning as you did last August

before you start trying to educate us

as to why you are having such a problem interpreting

what most market professionals already know.

We are at the brink of the S&P 500 going back

to pre-Bernanke levels.

Don’t worry about inflation.

It will be solved by electric and hydrogen cars

like the Volt from GM and many other companies

that will help us use less petroleum.

Private companies are dropping electric motors

and batteries into regular vehicles now.

Agriculture would have a little reprieve

from the overwhelming demand for ethanol.

Life will be good with the new alternative energy technologies

if we don’t suffer from an economic collapse delaying it all.

Fraudulent business practices and poor investment decisions

in real estate need to be worked out over the next few years

under normal free market conditions.

The S&P 500 is at a point similar to late 2000.

It could recover right now only with bold action immediately

or the damage will cause a far larger problem to solve.

Well managed banks such as J P Morgan were higher today.

The US stock market and dollar could be strong

if you, Chairman Bernanke, act boldly now.