Ah, Jackson Hole, Wyoming. It is a beautiful Place. A beautiful Valley, flanked by the Grand Teton Mountains, clean, pristine Air, sparkling Blue Water Lakes,Wildlife, Nature, just anything that one's Heart might desire, if you love Mountains.
Indeed, it is a Privilege to be able to see Jackson Hole, Wyoming once in a Lifetime. Most, will never see this Place, except, perhaps, on a Poster or on a Photograph or on the Internet, somewhere.
But there are some of us who are more privileged than others and they must not necessarily come from the Private Sector. Take Mr. Ben Bernancke, for Example. He now makes an Annual Pilgrimage to a Jackson Hole, Wyoming ,,Symposium'' and gives a Speech about the Economy.
He was there just last Week.
http://www.nytimes.com/2012/09/01/business/economy/fed-chairman-pushes-hard-for-new-steps-to-spur-growth.html?_r=1&nl=todaysheadlines&emc=edit_th_20120901
http://economywatch.nbcnews.com/_news/2012/08/31/13593025-ben-bernanke-says-high-unemployment-means-that-the-fed-can-do-more?lite
He was also there last Year and at about the same Time of the Year. Imagine, holding an Annual ,,Symposium'' in Jackson Hole, Wyoming, every Year at the Peak of the Vacation Season.
But then, the News came out that Mr. Bernancke was not going to be saying very much in Jackson Hole, Wyoming and, indeed, he did not.
http://economywatch.nbcnews.com/_news/2012/08/30/13552209-bernanke-unlikely-to-tip-fed-hand-in-jackson-hole-speech?lite
We might ask, then, what was the Point of this ,,Symposium.'' The Policies which Mr. Bernancke has already implemented and wants to continue, we might add, have not been that much different under the Administration of President Obama than during the Administration of President Bush, if they have been different at all. The Country is still lingering under a Recession which is not called a Depression and which Mr. Bernancke (and others) insists on calling a Recovery.
Surely, the ,,Few Dollars'' which are being spent on this ,,Symposium'' pale in Comparison with the Billions which Mr. Bernancke has doled out to Financial Institutions as Part of his ,,Quantitative Easing'' Theory which has, so far as one can tell, propelled the Financial Markets to historic Highs but done little towards Banks ,,easing'' their Lending to either Individuals or Businesses.
Still, a Dollar is a Dollar and, coming from the Chairman of the Federal Reserve Bank, it is a Signal both to the ,,Symposium'' Invitees as well as those on the Outside who, most likely, will never get a Chance to see Jackson Hole in their Lifetime.
Indeed, it is a Privilege to be able to see Jackson Hole, Wyoming once in a Lifetime. Most, will never see this Place, except, perhaps, on a Poster or on a Photograph or on the Internet, somewhere.
But there are some of us who are more privileged than others and they must not necessarily come from the Private Sector. Take Mr. Ben Bernancke, for Example. He now makes an Annual Pilgrimage to a Jackson Hole, Wyoming ,,Symposium'' and gives a Speech about the Economy.
He was there just last Week.
http://www.nytimes.com/2012/09/01/business/economy/fed-chairman-pushes-hard-for-new-steps-to-spur-growth.html?_r=1&nl=todaysheadlines&emc=edit_th_20120901
http://economywatch.nbcnews.com/_news/2012/08/31/13593025-ben-bernanke-says-high-unemployment-means-that-the-fed-can-do-more?lite
He was also there last Year and at about the same Time of the Year. Imagine, holding an Annual ,,Symposium'' in Jackson Hole, Wyoming, every Year at the Peak of the Vacation Season.
But then, the News came out that Mr. Bernancke was not going to be saying very much in Jackson Hole, Wyoming and, indeed, he did not.
http://economywatch.nbcnews.com/_news/2012/08/30/13552209-bernanke-unlikely-to-tip-fed-hand-in-jackson-hole-speech?lite
We might ask, then, what was the Point of this ,,Symposium.'' The Policies which Mr. Bernancke has already implemented and wants to continue, we might add, have not been that much different under the Administration of President Obama than during the Administration of President Bush, if they have been different at all. The Country is still lingering under a Recession which is not called a Depression and which Mr. Bernancke (and others) insists on calling a Recovery.
Surely, the ,,Few Dollars'' which are being spent on this ,,Symposium'' pale in Comparison with the Billions which Mr. Bernancke has doled out to Financial Institutions as Part of his ,,Quantitative Easing'' Theory which has, so far as one can tell, propelled the Financial Markets to historic Highs but done little towards Banks ,,easing'' their Lending to either Individuals or Businesses.
Still, a Dollar is a Dollar and, coming from the Chairman of the Federal Reserve Bank, it is a Signal both to the ,,Symposium'' Invitees as well as those on the Outside who, most likely, will never get a Chance to see Jackson Hole in their Lifetime.
