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

Discussion in 'Economics' started by S2007S, Dec 5, 2010.

  1. S2007S

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

    Frostie

    I watched this, but didn't hear any mention of China?
     
  4. Those were t-ball questions
     
  5. S2007S

    S2007S



    :p
     
  6. its in part 2.
     
  7. Took me 10 seconds....

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  8. oh ben, i hope you will see it coming.
     
  9. Gentle Ben is mastering the art of double talk. Maybe he can get as good as Greenspan by the end of his tenure.
     
  10. Did he gave his 2011 gold outlook?
     
    #10     Dec 6, 2010