{"id":171811,"date":"2010-01-12T16:00:00","date_gmt":"2010-01-12T21:00:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/january-12-2010-the-day-bernanke-got-replaced-2010-1"},"modified":"2010-01-12T16:00:00","modified_gmt":"2010-01-12T21:00:00","slug":"january-12-2010-the-day-bernanke-got-replaced","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/171811","title":{"rendered":"January 12, 2010: THE DAY BERNANKE GOT REPLACED"},"content":{"rendered":"<p>Stocks were down modestly today, ostensibly on news that the Chinese government was taking <a href=\"http:\/\/www.businessinsider.com\/china-sneezed-and-brazil-australia-the-commodities-industry-and-the-us-market-all-just-caught-a-cold-2010-1\">real action to limit leverage<\/a>.<\/p>\n<p>It&#8217;s hard to say if that&#8217;s really the culprit, or if it was something else, but actually that doesn&#8217;t matter. It sure <em>feels<\/em> that way.<\/p>\n<p>We can&#8217;t be sure what the culprit is, but we now know that the central banker everyone looks to is PBOC chief Zhou Xiouchuan.&nbsp;<\/p>\n<p>It&#8217;s possible Ben Bernanke still has this much sway, but since he&#8217;s pinned to the mat regarding rates, it&#8217;ll be a longtime before he does anything world-moving.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/static.businessinsider.com\/~~\/f?id=4afbfbd4000000000067f76f&amp;maxX=621&amp;maxY=465\" border=\"0\" alt=\"zhou china chinese\" width=\"621\" height=\"465\" \/><\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/january-12-2010-the-day-bernanke-got-replaced-2010-1#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/china-sneezed-and-brazil-australia-the-commodities-industry-and-the-us-market-all-just-caught-a-cold-2010-1\">China Sneezed And Brazil, Australia, The Commodities Industry, And The US Market All Just Caught A Cold<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/gartman-dont-be-fooled-china-is-definitely-a-big-bubble-2010-1\">Gartman: Here&#8217;s How The Chinese Tightening Could Prick The Real Estate Bubble, But Help Inflate Stocks<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/china-freaks-out-over-lending-tells-banks-to-ramp-up-deposits-2010-1\">Chinese Bank Lending Hits Record High, As Regulators Demand That Banks Slow Down<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/37dnRhfo1fM\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stocks were down modestly today, ostensibly on news that the Chinese government was taking real action to limit leverage. It&#8217;s hard to say if that&#8217;s really the culprit, or if it was something else, but actually that doesn&#8217;t matter. It sure feels that way. We can&#8217;t be sure what the culprit is, but we now [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-171811","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/171811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=171811"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/171811\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=171811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=171811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=171811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}