Monday, October 24, 2005

Mow Back Time

For those Finance majors out there:

President Bush will nominate Ben S. Bernanke, his top economic adviser, to replace Alan Greenspan as chairman of the Federal Reserve Board, a White House official said....
Mr. Greenspan is expected to step down Jan. 31 and will be the second-longest serving chairman of the Fed...
Mr. Bernanke (pronounced ber-NANK-ee) is a respected economist who has assiduously stayed away from partisan politics until his appointment to the White House post, friends and colleagues say. He studied economic history at Harvard and then earned a doctorate in economics at the Massachusetts Institute of Technology.

Alan Greenspan was a good chairman of the Fed. My dad was very happy during the 90s along with many other people who made good money during that period. Mr. Greenspan got caught up in the politics of the job and lost. Good luck Mr. Bernanke with your new job starting in February, make my dad some money.


At 3:13 PM, Anonymous Anonymous said...

What does "Mow back" mean when applied to the stock market?


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