Don't trust Bernanke. His past statements have been self-serving spin.

Discussion in 'Economics' started by wilburbear, Jun 15, 2011.

  1. olias


    You don't think the Fed knows how to curb inflation?
  2. Look at the 10 statements in italics below the headlines.

  3. benwm


    I'm 100% sure Bernanke isn't 100% sure.
    But's he's 100% sure that he should say he's 100% sure.
  4. If he wanted to keep long rates down, QE2 would've bought up only the 10 and 30 year treasuries.

    And regarding the collapse of the dollar, where were all these people the past 10 years?

    I wonder what the US would look like if a libertarian ran the Fed. I doubt that would ever happen but the Congressional hearings would be rather comical.
  5. We need Qualitative Easing and not Quantitative Easing.
  6. Bernanke will say what's convenient in the moment. He's untrustworthy.

    Bernanke "plays" longs and shorts, rather than help them as members of the public, serving as a "true north" with some backbone that can withstand market fluctuations.

    July 16th, 2008 – Bernanke: (Freddie and Fannie) “…will make it through the storm”, “… in no danger of failing.”,”…adequately capitalized”
  7. olias


    agreed, but here's the thing: he's not in a position where he is at liberty to speak his mind. Seriously, think about it. He has to be a cheerleader and say 'everything is fine'. Has to. Just like anyone else would do.