Word: thinks
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Dates: during 2010-2019
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...With Apple in particular, I can think of nine ways to Sunday that we would add tremendous lift to their overall strategy," says a hopeful Jonathan Sposato, Picnik's founder...
...It’s not just that there was a bubble,” he added. “I think we all recognize that there was a bubble, but if you look at the kinds of mistakes that they made—the kinds of intellectual incoherence—it is really mind-boggling...
...Still, doves want to know why he isn't providing even more gas. Part of the answer is that he doesn't seem to think that pouring more cash into the banking system would generate many jobs, because liquidity is not the current problem. Banks already have reserves; they just aren't using them to make loans and spur economic activity. Bernanke thinks injecting even more money would be like pushing on a string...
...rest of the answer is that Bernanke believes a Fed chairman needs to act like he's worried about inflation - and actually worry about inflation - even when he doesn't think it's around the corner. Inflation fears may not be justified by data today, but they can be self-fulfilling tomorrow, and the hawks who harbor them are quite influential on Wall Street. If markets and Chinese bondholders start to lose confidence in the value of the U.S. dollar, that could trigger another panic, regardless of the rationality of their fears. A little inflation might be a good thing...
...Bernanke, the benefits of additional monetary stimulus would be modest at best, while the costs could be disastrous. Reasonable economists can and do disagree. The fact that doves think he's obsessed with inflation and unconcerned with jobs while hawks think the opposite is not proof that he has found appropriate middle ground. And he shouldn't be confirmed just because markets are freaking out that he might not be. But Fed chairmen are supposed to be apolitical, analytical and data-driven; Bernanke is all those things, and he did, after all, save the world. If Republicans don't want...