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It dosen't matter if Bernanke is a economist, like Jim Cramer he is the biggest contrarian indicator around. Everything he says about the economy has been completely wrong just like most economist seem to have been wrong for the last few years.
Bernanke and Geithner have got almost everything wrong but they are both still there.
Too much of an embarrassment for this admin to get rid of them now, as that would be admitting a mistake.
Bernanke and Geithner have got almost everything wrong but they are both still there.
Too much of an embarrassment for this admin to get rid of them now, as that would be admitting a mistake.
Yes, and these guys along with Larry Summers have no solutions to our broken economy, in fact they are a big part of the problem. The biggest problem of all though is who still controls our monetary system.
Last edited by 73-79 ford fan; 06-30-2010 at 10:22 PM..
Some worship him like a god and some think he's as wacky as Glenn Beck, but if Paul says we're there, I imagine an official declaration is not far behind.
What says you? ...is it time to officially admit this is the third depression? Would such a declaration cause more problems or does everyone pretty much realize where we are by now?
Another fear-mongering piece from Paul Krugman, the guy who flip-flops on economic policy every few years. It's amazing the guy actually won a noble prize.
And no, trying to take our debt to the level of Greece or Portugal is probably not a good idea, even if the bond markets are letting us do that RIGHT NOW.
Bernanke and Geithner have got almost everything wrong but they are both still there.
Too much of an embarrassment for this admin to get rid of them now, as that would be admitting a mistake.
Well I think they could replace Geithner and have a chance.
But not Bernake..he's taken us too far down his personal rabbit hole according to his thinking based on his study of the Great Depression.
We've turned into a living experiment of his thinking of how the Great Depression could have been avoided.
he is correct, its comin. bush made it obama covered it up. next president will live thru it. our failsafe devices will not prevent it bek we have become too corrupt.
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