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Mittwoch, 20. März 2013

Mr. Bernanke's Reaction to the Cyprus Crisis

Folks,

Here is what Mr. Bernanke said regarding the Cyprus Financial Crisis:  He said,

Bernanke: Cyprus poses 'no major risk' to U.S. banks, economy

The U. S. Stock Market reacted positively to Mr. Bernanke's Comments.


Data as of 5:16pm ET
Wednesday’s Close:
  • Dow +55.91

    14,511.73
    +0.39%
  • Nasdaq +25.09

    3,254.19
    +0.78%
Mar 20 4:56pm:
U.S. stocks rose Wednesday after the Federal Reserve reiterated that its stimulus measures will remain in effect until the job market gets back on track

In Cyprus, Demonstrations against the now rejected Bailout Plan, linked to expropriating 10% of the Value of Savings Accounts, continued, accompanied by many Placards in English, an interesting one, stating, „Aphrodite is angry.”  Banks continued to remain closed.
 



Aphrodite, or Venus, as she is known to many of us was and continues to be, in the Minds of many, the Goddess of Love.

What we don't know, of course, is just how angry she is and just what she exactly might be thinking about the European Central Bank, which came up with their ,,Rescue Plan” or, for that Matter, Mr. Bernanke, who seems to be steering clear of her at any Cost.  In this Case, the Cost seems to be that of pumping more Money through the „Discount Window” to Financial Institutions deemed „Too big to fail.”

One Thing we know, from Greek Mythology and the Renaissance is that when Aphrodite was born, she was anything but angry.


The Birth of Venus by Sandro Botticelli
 
Her Daddy, Zeus, though, was another Story.  No one would have wanted to mess around with him, especially when he got angry.

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