Jeff Matthews
Fed Chairman Flunks Final Jeopardy!
Okay, itâs time for âFinal Jeopardyâ and the category isâŠThe Economy.
The answer is:
Something that argon, helium, fabric softener, Cheerios, potash, wheat, soybean, waste collection, packaging, spot iron ore and air fares all have in common. What is the question?
Weâll let the Jeopardy! theme song play in the background while you ponder your response.
Meanwhile, as host of this particular show, we offer the following hint.
The answer we are looking for should be easy for those readers attending this weekâs Bank of America conference in San Francisco, during which companies ranging from Procter & Gamble to Waste Management discussed most of these items. Doesnât help?
Yikes! The âFinal Jeopardyâ theme song is moving into that slightly higher register which lets you know weâre getting near the end of the line and you better start writing something.
So let us provide one more clue:
There is one individual who undoubtedly was not in attendance at the BofA conference: Federal Reserve Chairman Ben Bernanke, who, according to his own press release, just cut interest rates not to help out damaged hedge funds and sub-prime mortgage speculators but to avert the âpotentialâ for an economic slow-down in an environment where only âsomeâ inflation risk remains. Emphasis on the âsome.â
Does that help? I thought so.
Okay, the theme song is ending with those final, syncopated notes and that goofy trampoline sound: drop your pens!
Letâs see what you answered.
If you answered âWhat is âprice increasesâ?â youâd be right.
And if you wrote â9%â in the case of fabric softeners, and â25%â in the case of low-volume customers of Waste Management, youâd get an extra hefty congratulations from me, your host.
But you wouldnât be Fed Chairman, thatâs for sure.
Jeff Matthews I Am Not Making This Up © 2007 NotMakingThisUp, LLC
The content contained in this blog represents the opinions of Mr. Matthews. Mr. Matthews also acts as an advisor and clients advised by Mr. Matthews may hold either long or short positions in securities of various companies discussed in the blog based upon Mr. Matthewsâ recommendations. This commentary in no way constitutes a solicitation of business or investment advice. It is intended solely for the entertainment of the reader, and the author.
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