Powered by Blogger.

We Have Move To...

2011-06-25

Ben Bernanke’s approval rating reached its lowest level in two years

Fed Chairman Ben Bernanke’s approval rating reached its lowest level in two years, according to the latest Bloomberg National Poll.

In the most recent poll, conducted June 17-20, 26% of respondents viewed Bernanke unfavorably, 30% favorably, and 44% were unsure. This compares quite poorly to September 2009, when the Fed Chairman received a 41% approval rating and only 22% disapproved.

Other worrisome results from the poll included:

- 66% said the U.S. is on the “wrong track”

- 44% said they are worse off now than at the beginning of 2009

- 55% expect their children to have a lower standard of living than their parents do today

The poll was conducted by Des Moines, Iowa-based Selzer & Co., and is comprised of interviews with 1,000 U.S. adults. It has a margin of error of +/- 3.1 percentage points.

While the poll is closely followed by economists and investors, if one wants a more real-time estimate of Bernanke’s approval rating, he/she has to look no further than the price of gold.

As Marc Faber stated this week, “Not to own any gold is to trust central bankers, and that you don’t want to do in your life.”

0 comments:

Related Posts Plugin for WordPress, Blogger...

PostRank

My Blog List

Blog I Follow

Popular posts

Blog Archive

Templates

Stock Quote

Stock Quotes
KLCI Live Quotes
Lookup Stock Code/Name
Enter Stock Code/Name
FastQuote

Powered by zoomFinanceCorp.

Subscribe Now: Feed Icon

Home Page Home Page Home Page Home Page Home Page Home Page

Investment Idea

My investment with RM5,000 initial capital have been growing since 2005.I found the stock market appears confusing and complicated, but it is most definitely based on logic "supply and demand". However, the laws of supply and demand as observed in the markets do not behave as one would expect. To be an effective trader, there is a great need to understand how supply and demand can be interpreted under different market conditions and how to take advantage of this Off Market Transactions in KLSE.

Malaysia Gold Price

Gold Price Per Gram in Ringgits
Malaysian Ringgits per Gram

  © Free Blogger Templates 'Greenery' by Ourblogtemplates.com 2008

Back to TOP