Obama reappoints The Beard
- Thread starter krazykarl
- Start date
I hear Big Ben was optimistic about the economy at Jackson Hole. Just found this quote ...
âOur forecast is for moderate but positive growth going into next year. We think that by the spring, early next year, that as these credit problems resolve and, as we hope, the housing market begins to find a bottom, that the broader resiliency of the economy, which we are seeing in other areas outside of housing, will take control and will help the economy recover to a more reasonable growth pace.â
However, this was not from his JH speech last week, it was from November 7, 2007 (with the DJIA at 14K). Heaven help us all.
âOur forecast is for moderate but positive growth going into next year. We think that by the spring, early next year, that as these credit problems resolve and, as we hope, the housing market begins to find a bottom, that the broader resiliency of the economy, which we are seeing in other areas outside of housing, will take control and will help the economy recover to a more reasonable growth pace.â
However, this was not from his JH speech last week, it was from November 7, 2007 (with the DJIA at 14K). Heaven help us all.
an extremely bad decision
Among other faults, Bernanke is the world's worst trader. His rate cuts couldn't be timed worse--especially the huge one right after the French trading snafu. I'm no fan of the Fed or Greenspan, either, but the last bear market would've been a 40% max drop (instead of almost 60%) under Sir Alan. He at least had minimal instincts.
How anyone could still like Bernanke after his mumbling, bumbling responses in the worst of the crisis and non-answers to Ron Paul's grilling is beyond me.
How anyone could still like Bernanke after his mumbling, bumbling responses in the worst of the crisis and non-answers to Ron Paul's grilling is beyond me.
I had Jim Nabors.
They would just appoint someone as bad if not worse. Why do they have Volcker hanging around anyway? He is not being utilized.