Ben Bernanke At It Again

Rickshaw Man

Rickshaw Man

I remember this well. He was wrong then and is most likely wrong again.

https://www.reuters.com/article/us-...rve-not-economic-threat-idUSWAT00696320070214

https://www.ft.com/content/e72fdf28-8a1c-11e8-bf9e-8771d5404543


BenB 2018.jpg





BenB 2007.jpg
 
Central bank intervention is the cause of the credit cycle...it creates fragility.. the interest rate is the fundenemental cost and signal.to the market ...so when you skew that you end up with malinvestment... Anything else is just keysian interventionistic statism... Don't be an apoligist for a state diluting our currency, picking winners , and redistribting expropriated value from inflation to themselves and their accomplices
 
I wasn't being an apologist as I stated or at least that wasn't my intention, I edited my post as to avoid a discussion as I know how these go, so I was going to bow out.

I was merely stating that history has proven that nothing goes on forever and needs to reset, crash or have massive changes however you want to put that. So, Yes you can point to things done wrong I get that, but at some point there will be a reset.
 
Bernanke is right. Although narrowing of the yield curve has led every recession in the past 50 years, it has also led non-recessions in the past 50 years. If I had to put my money on you jokers or on Bernanke, I'd put it on Bernanke of course.
 
piezoe said:
Bernanke is right. Although narrowing of the yield curve has led every recession in the past 50 years, it has also led non-recessions in the past 50 years. If I had to put my money on you jokers or on Bernanke, I'd put it on Bernanke of course.
More...
Be my guest. His track record speaks for itself. Anybody can save the banks and economy when you control the money supply. Just keep printing till things look better, that does not take a lot of skill. Im sure he is a great academia. They are real smart, LTCM had a slew of PHD types.
 
It’s not as if corporations borrow at short term treasury rates.. I’d be concerned when Corp bond yields curve flattens vs the 30 yr., which isn’t the case.
 
You must log in or register to reply here.
Back
Top