There is a lot to say about Bernanke's comments on 60 Minutes yesterday.
Bernanke's statement that unemployment is the biggest impediment to economic recovery is ironic, given that Bernanke's policies have increased unemployment. See this and this.
Harry Blodget notes that Bernanke implied that inequality is destroying America. Tyler Durden hones in on Bernanke's statements that the economic recovery may not be self-sustaining, and that the Fed may buy even more bonds. Daily Bail picks on Bernanke's claim that the Fed is not printing money.
There are certainly a lot of interesting things to say about Bernanke's words.
But I think the real story is how nervous Bernanke appears.
Listen to his voice, and watch his lips quaver:
Ignore his words ... doesthis look like a man who is confident about the state of the economy and the prospects for recovery?
Does this sound like a man who is sure that history will judge his actions kindly?
No comments:
Post a Comment