Fed Chairman Makes No Mention Of New Stimulus
Ben Bernanke, testified before congress, stating that he is prepared to take some unspecified action but has given no indication that he is going to do anything. The stock markets reacted by heading into the positive, up over 100 points during Bernanke’s testimony. Perhaps this market is referring to the stimulus firmly announced by China. Maybe China’s stimulus is more important to our market then the ambivalent statements from Ben Bernanke. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox Business’ Varney & Company to discuss the state of the economy and what Ben Bernanke may or may not do about it, or what President Obama can and cannot do about it.
Ed Butowsky is the managing partner of Chapwood Investment Management and is an internationally recognized expert in the investment wealth management industry. Ed is also a frequent guest on other networks such as CNN, NBC, ABC, Fox News, Fox Business, and Bloomberg to name a few.
Original Article
Is there a silver lining in all this stock market chaos? In the midst of all this market destruction there is a realignment taking place that is not all that bad. In fact a lot of it is quite good. To the contrary there is nothing good about losing money in your 401k, but what is happening in the economy right now parallels the changes that are going on in politics. What appears to be happening is a decentralization of power, from the well connected insiders to the small independent outsider. The well connected corporate insiders, those that have been gorging themselves on bailouts and special deals, are losing power and capital, while the majority of the small unincorporated business are getting ready to take off.