Open Thread - Waiting For Bernanke

Waiting for Godot Bernanke's announcement on Operation Twist scheduled for 2:15 pm EST.  No matter what he says, it will disappoint the markets.  What sayeth you?

Feel free to post links in comments.

• Time Magazine Slideshow - Inside The World Of Ben Bernanke

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I'll start with this one:

Matthew Yglesias Is An Economic Idiot

Where does Yglesais get his insane talking points, likely from super-Keynesian Brad Delong.

Hey Matt - more QE will not work.  QE1 - failure.  QE2 - failure.  Operation Twist - dead in the water.  There is nothing the Fed can do, outside of hope and pray for a time machine that catapults us forward a decade.  

Comments

[DailyBail]

The New Face of Foreclosure: Strategic Defaults

http://www.foxbusiness.com/industries/2011/09/19/new-face-foreclosure-strategic-defaults/

[DailyBail]

Apple price target raised to $520 at Goldman

http://blogs.marketwatch.com/thetell/2011/09/21/apple-price-target-raised-to-520-at-goldman/

[DailyBail]

WASHINGTON (MarketWatch) — The Congressional Republican leadership sent a letter this week to Federal Reserve Board Chairman Ben Bernanke urging him to refrain from any more easing moves, saying that the U.S. economy should be driven by consumer confidence and worker innovation and not by central bank policy.

http://www.marketwatch.com/story/republicans-warn-fed-not-to-ease-again-2011-09-20

[DailyBail]

At least the Fed is making money

http://blogs.marketwatch.com/thetell/2011/09/21/at-least-the-fed-is-making-money/

[DailyBail]

Bernanke No Longer Denies That The Purpose Of QE2 Is To Drive Stock Prices Higher

http://dailybail.com/home/bernanke-no-longer-denies-that-the-purpose-of-qe2-is-to-driv.html

[DailyBail]

Marijuana blocks PTSD symptoms in rats: study

http://www.rawstory.com/rs/2011/09/20/marijuana-blocks-ptsd-symptoms-in-rats-study/

[DailyBail]

Microsoft's plan to stop Bing's $1 billion bleeding

http://money.cnn.com/2011/09/20/technology/microsoft_bing/index.htm?source=cnn_bin

[DailyBail]

Top Poker Site, Poker Celebrities Caught in $444M USD Ponzi Scheme

http://www.dailytech.com/Top+Poker+Site+Poker+Celebrities+Caught+in+444M+USD+Ponzi+Scheme/article22798.htm

[DailyBail]

Art Cashin On The "Greek Tragedy Playing Out As A French Farce"

http://www.zerohedge.com/news/art-cashin-greek-tragedy-playing-out-french-farce

[DailyBail]

http://www.zerohedge.com/news/did-republican-letter-bernanke-seal-deal-even-more-qe-jp-morgans-take

Did The Republican Letter To Bernanke Seal The Deal For Even MORE QE? JP Morgan's Take

[john]

Open thread...

Obama claims there are 31 counties in Hawaii...when there are only 5.

http://wattsupwiththat.com/2013/06/26/the-whitehouse-releases-a-laughable-state-by-state-climate-impact-report/

[John]

Maine governor vetoes climate change study.

http://www.pressherald.com/news/lepage-vetoes-climate-change-study_2013-06-25.html

Flashback:

http://www.sunjournal.com/gubernatorial-candidates/story/917588

[john]

NSA Spying (must see video, it's hilarious).

http://www.youtube.com/watch?feature=player_embedded&v=F9gtV-rSyEc#at=110

[S. Gompers]

Happy 4th of July everybody!

[John]

Likewise Gomp and all!

[john]

Iceland parliament declines Snowden's citizenship bid

http://ca.reuters.com/article/topNews/idCABRE9640PS20130705

[john]

We saw this show last night.

http://www.wcvb.com/news/barge-catches-fire-during-plymouth-fireworks-celebration/40358710