Thursday, January 26, 2012

Ben Bernanke Press Conference - 25 Jan 2012

Federal Reserve Chair Ben Bernanke Press Conference . The Fed expects modest pace of economic growth in coming quarters, says Fed Chairman Ben Bernanke. The housing sector is still depressed, "as indicated in the statement released earlier this afternoon to support a stronger economic recovery and to help ensure that inflation over time is at levels consistent with our statutory mandate, the committee expects to maintain a highly accommodative stance for monetary policy. in particular, the committee decided to keep the target range for the federal funds rate at zero to .25% and currently anticipates that economic conditions are likely to warrant exceptionally low levels for the federal fund's rate at least until late 2014" says Ben Bernanke

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Dr. Marc Faber Tomorrow's Gold





Dr. Marc Faber author of the Gloom, Boom and Doom report is a world class Investor, Doctor Faber 's typically controversial and contrarian views have earned him the label of Dr. Doom. Doctor Doom also trades currencies and commodity futures like Gold Natural Gas and Crude Oil.Even his harshest critics must admit that he's been unerringly correct in his market forecasts over the past three decades
Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager.