Bernanke's Inflation Record

[Tsing Tao]

Cue Fed Apologists in 3....2...1...

Addressing a question yesterday, from Senator Bob Corker, on his "being the biggest dove since World War II" and the "degrading effects that he's having on society," Bernanke responded proudly that be believed his "inflation record is the best of any Federal Reserve Chairman in the post-war period." Of course that is by his measure. We suggest, he and few of his transitory colleagues look at the chart below for a sense of just what his 'dovishness' looks like to the rest of the food- and energy-consuming world... or perhaps by 'best' he means 'most'.

CORKER: So I think that, you know, I don't think there's any question that you would be the biggest dove, if you will, since World War II. I think it's something you're rather proud of.... Just wondering if you -- if ya'll talk at all in your meetings about the degrading effect that's having on our society.

BERNANKE: You called me a dove. Well, maybe in some respects I am, but on the other hand, my inflation record is the best of any Federal Reserve Chairman in the post-war period, or at least one of the best, about two percent average inflation.

The Bernanke Era Inflation...

LINK

 

[Ricter]

Quote from Tsing Tao:

Cue Fed Apologists in 3....2...1...

Predicting that an assertion will be disagreed with does not strengthen the assertion.

 

[Lucrum]

Quote from Ricter:

Predicting that an assertion will be disagreed with does not strengthen the assertion.

Wow Rectum, drunk this early in the AM?

 

[Tsing Tao]

Quote from Ricter:

Predicting that an assertion will be disagreed with does not strengthen the assertion.

Very profound contribution, thank you!

 

[zdreg]

test 1

 

[pspr]

BERNANKE: You called me a dove. Well, maybe in some respects I am, but on the other hand, my inflation record is the best of any Federal Reserve Chairman in the post-war period, or at least one of the best, about two percent average inflation.

I think Bernanke must have been talking about wage inflation. He and Obama have done a marvelous job of keeping wages low.

 

[Lucrum]

"I became confused when I heard the word "Service"used with these agencies:

Internal Revenue 'Service'
U.S. Postal 'Service'
Telephone 'Service'
Cable TV'Service'
Civil 'Service'
State, City, County & Public 'Service'
Customer 'Service'

This is not what I thought 'Service'meant.

But today, I overheard two farmers talking, and one of them said he had hired a bull to 'Service'a few cows.
BAM!!! It all came into focus. Now I understand what all those agencies are doing to us. "

 

[pspr]

Quote from Lucrum:

"But today, I overheard two farmers talking, and one of them said he had hired a bull to 'Service'a few cows.
BAM!!! It all came into focus. Now I understand what all those agencies are doing to us. "

Ohhhhh. That doesn't sound good when thinking about the "Armed Services." Ouch!!!