Charles Payne is a Fox Business Network contributor and CEO of Wall Street Strategies, an independent stock market research firm.
Payne is also a contributor to
Payne attended Minot State College and Central Texas College during his time in the United States Air Force.
Knowledge may give weight, but accomplishments give luster, and many more people see than weight.
When President Obama bragged about pulling the economy out of the ditch I scratched my head and wondered if he would follow up that line of thinking admitting it came out of one ditch and slipped into another. The exodus from the jobs market and massive government spending to spike the last
This brings us to Federal Reserve chairman Ben Bernanke.
What the hell is the goal of all this money printing? Last September the Fed added $40.0 billion in monthly buying of mortgage backed securities to his bag of tricks. Then he bumped it with an additional $45.0 billion of Treasury securities. The numbers are jaw-dropping, surely this could be defined as shock and awe but the results have only been awful. Officially the Fed has a mandate that covers employment and inflation but there is no mistake Bernanke is trying to spark a revival in the housing market. On all three fronts Bernanke has the kind of false facade that makes for great backdrops for declaring victory.
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