Friday, August 21, 2009

Bernanke is Brilliant! - Just another day in the mortgage mess

Chairman Bernanke deserves to be re-appointed in my opinion. He has not only the brains for this position, but he has the charm the American people need right now. Chairman Bernanke knows how to lead the horses to water while, at the same time, empowering them to trust the water is not poison; therefore, the horse knows it could drink if it chooses to do so. It sounds silly, but Chairman Bernanke's consistency seems to have built trust amongst the American people. His efforts in creating transparency allowed Americans to follow and believe a recovery was near. Where as Larry Summers, I think is brilliant but he lacks consistency and charm; which cannot be allowed when human behavior is at risk in my opinion. I have listened to Larry Summers and I like what he says a lot, but his lack of charm could hurt the efforts Chairman Bernanke, Tim Geithner, and Sheila Bair built last year. If it hadn't been for the three musketeers, I do not think we would be seeing the start of a possible recovery in months to come. They led the American people to the water; and if Americans know they can trust the water is not poison, then they will drink it. History proves this time and time again.

I am a fan of Chairman Bernanke. I truly believe the heart patient is on the treadmill; however, the patient will not be running a marathon any time soon after heart surgery. A heart patient will begin by walking and may experience some exhaustion the next day, only to recover the following day to begin walking again. The stock market appears to be doing the same thing. It experiences up days, but then runs out of fuel only to regain its fuel. I have to believe the stock market is acting as it should. I know I am not an expert, but I have to use my own logic to guide me because I have learned these past two years, there is no one I can rely on but myself, when it comes to my money and my career.

I think Chairman Bernanke deserves the nobel peace prize for his efforts last year, along with his studies on the Great Depression. He not only understood the panic last year, but he understood the importance of human behavior and the consequences should they negate this aspect. This is all just my own personal opinion, not that of an expert. Just an American living on Main Street.

Chairman Bernanke is the American hero!

Stay tuned...I have more to share. Just another day in the mortgage mess.