Wednesday, 16 December 2015

Ben Bernanke is a visionary!

Dear Friends,

I always believe this is the guy that brings the US stock market back from her death in 2009 due to subprime mortgage crisis! I always believe if not for him, we would most likely have a double dip recession like THE GREAT DEPRESSION in 1929.

It is amazing that in 2002, he already advocated printing continuous money as a solution to recessions like 1929 Great Depression and 2001 Internet Bubble burst.

Below is what he said in 2002:

"In 2002, following coverage of concerns about deflation in the business news, Bernanke gave a speech about the topic. In that speech, he mentioned that the government in a fiat money system owns the physical means of creating money and to maintain market liquidity. Control of the money supply implies that the government can always avoid deflation by simply issuing more money. He said "The U.S. government has a technology, called a printing press (or today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at no cost."

I am sure in years to come, he will be remembered as the VISIONARY.

If you want to know more about the bull and bear market psychological cycles, please watch our website www.danielloh.com to check out the Free seminars for next year!



I will be starting my holidays soon.... next year, till we meet!


Below is marketwatch interview with him on the recent interest rates issues...



Merry Christmas!
Daniel




Radio FM958访谈 2018年11月15日:世界股市展望 - 现在是熊市吗?

·         美国 股市担心苹果业绩,巴菲特却大胆投资! 道琼斯昨晚闭市在 25080 ,掉了 205 点。在这 10 月 11 月道琼斯的波动都相当大。有很多投资朋友开始怀疑熊市是不是已经来临了。我的答案是还没有。这个跌幅反而是好时机进场。大家不用太担心。 ...