Bernanke the Drug Dealer

Ransom Notes Radio
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Posted: Jul 18, 2013 12:01 AM

The Fed Chairman didn’t really say anything surprising yesterday. But he seemed willing to continue feeding the market their fix of easy money. John was also joined by Joe Antos, with the American Enterprise Institute, to discuss Obamacare’s profound impact on small and mid-sized businesses.

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Show Prep:

Big Three:

While the market and reality seem to be disconnected from each other, it does seem that the housing market is making some sort of progress:

http://video.cnbc.com/gallery/?play=1&video=3000182415

CEO confidence seems to be going up. . . Does that mean more capex spending?

http://www.bloomberg.com/video/ceo-confidence-grows-will-capex-spending-follow-FPK6p_ndT0K552XlZ9LB8w.html

Yeah, Ben Bernanke spoke today. . . And everywhere I looked, people had contradictory headlines. So, here is Ben Stein, with the best reaction to Bernanke’s tenure:

http://www.bloomberg.com/video/get-us-off-this-price-fixing-drug-ben-stein-_8q7L~loSGeobk527WcGNA.html

Other News:

Recap of Bernanke’s comments:

http://www.bloomberg.com/video/bernanke-reinforces-qe-message-depending-on-data-zYlOQOmLSTWwE00kpz4U0g.html

A handy Bernanke-to-English translation booklet:

http://blogs.wsj.com/economics/2013/07/17/key-passages-from-bernankes-testimony/

So. . . The President is threatening to veto a bill that does (through legal channels) exactly what his administration has done. . .

http://thehill.com/blogs/healthwatch/health-reform-implementation/311477-obama-threatens-to-veto-obamacare-delay-bills

Hello? Boston? Yeah, this is Rolling Stone. Do you mind if we give the marathon bomber pop-culture status? ‘k. Thanks!

http://boston.cbslocal.com/2013/07/16/boston-marathon-bombing-suspect-featured-on-cover-of-rolling-stone/