Those Chinese figures helped Asian markets to take a big tumble today, as did yesterday's comments by Federal Reserve Chairman Ben Bernanke. He said the Fed will likely begin slowing down its economic stimulus later this year. The Fed's massive bond buying program - which is a major part of that stimulus - is seen as a big reason behind recent rallies in the financial market.
Hearing that Federal Reserve Chairman Ben Bernanke offered Princeton graduates "10 suggestions" at their commencement ceremony Sunday, we had visions of those in caps and gowns nodding off during a treatise on the fine points of investing in municipal bonds.
In the nearly impenetrable language that comes with his job, Federal Reserve Chairman Ben Bernanke told Congress on Wednesday that even though the economy is doing better, the central bank needs to keep giving it a boost.