*****BUBBLE ben bernanke on 60 mins tonight*****

[S2007S]

Anyone who missed it here it is, notice how nervous he seems. His upper lip was probably quivering 90% of the time.....

Remember he was the one who said before the crisis even started that sub prime mortgage was under control and contained and that there would be a "SOFT" landing.




5:10-5:13 "INFLATION IS VERY VERY LOW!!!!!!

6:23-6:27 "Well this fear of inflation I think is is way over stated."

6:31-6:35 "ONE "MYTH" thats out there, is that what were doing is printing money."

7:05-7:15 "What were trying to do is achieve a balance, we have been very very clear that we will not allow inflation, inflation to rise above 2% or less."

7:37 "100%%%%%%%"

7:58-8:00 "It doesnt seem likely that will have a double dip recession"

14:23-14:26 "Long term I have alot of confidence in the united states."





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PART 2

4:38-4:44 "I think were far better prepared today to avoid a serious financial crisis then we were just a couple years ago"

10:23-10:24 "Inflation is very low."

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[krazykarl]

he was pretty candid and his comments on china were dead nuts.

 

[Frostie]

I watched this, but didn't hear any mention of China?

 

[startraitor]

Those were t-ball questions

 

[S2007S]

Quote from startraitor:

Those were t-ball questions

 

[krazykarl]

Quote from Frostie:

I watched this, but didn't hear any mention of China?

its in part 2.

 

[startraitor]

Took me 10 seconds....

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[newguy05]

ben:
I think this fear of inflation is way overstated, we looked at it very very carefully, we analyzed it whichever way...

journalist:
What confidence do you have in controlling this (inflation) when it happens

ben:
100%

oh ben, i hope you will see it coming.

 

[dandxg]

Gentle Ben is mastering the art of double talk. Maybe he can get as good as Greenspan by the end of his tenure.

 

[Debaser82]

Did he gave his 2011 gold outlook?