News Bits…

Fark has launched its Business section. (This means that funny money just got funnier).

It’s All on the House
Bernanke said that the most reliable indicators show U.S. home prices have not declined nationally and that if prices did drop, consumers might trim spending by as much as 9 cents for each dollar of wealth lost.

Handing the Buck
Ben Bernanke, when queried about the one issue where his impact is unrivaled – the value of the U.S. dollar – the Chairman quickly passed the buck to the Secretary of the Treasury. Conveniently, the Secretary was nowhere in sight.

Who should know more than the man in charge of the institution that prints the currency and orients the rates thereof? As for the Secretary of Treasury, besides for signing the bills he really doesn’t do much.



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