Freddie Mac: Here are the top 5 improving metro markets for housing

The Census Bureau is cooking the new home sales numbers

You can’t make bricks with imaginary straw

The 12 hottest housing markets right now

And the biggest losers in the price growth race
W S
Investments / The Ticker

The man behind the Federal Reserve

Bernanke manages to win over a few critics

Ben Bernanke

Federal Reserve Chairman Ben Bernanke will preside over his last Fed policy meeting Tuesday and Wednesday before exiting office on Feb. 1. During his tenure as chairman, he managed to surprise industry experts, and even won over a few critics. Per the Wall Street Journal:

"Three or four years ago I was thinking like a lot of people that Bernanke and the Fed had lost their mind" and would create massive inflation, says Mr. Hackney, senior partner at Atlanta Capital Management LLC, which oversees $18 billion.

But markets stabilized, inflation stayed low and Mr. Hackney changed his mind. "I've become convinced that Bernanke was right and I was wrong," says the 40-year market veteran.

But many professional investors are acknowledging, sometimes grudgingly, that Mr. Bernanke has gone a long way toward achieving the main goal he set in 2008: He has stabilized markets and restored a large measure of investor and public confidence. Many thought it impossible that he would accomplish what he did.

Source: WSJ
Read full story

Recent Articles by Brena Swanson

Comments powered by Disqus