“I don’t anticipate stagflation,” Bernanke told the Senate Banking Committee. “I don’t think we’re anywhere near the situation that prevailed in the 1970s.”
Ben Bernanke, late February 2008
Translation:
Stagflation is wearing a “if you can’t see me, I must not be here” cloak AND the situation is going to be much worse than the 1970s.
Sure, there have been no spillover effects whatsoever, like higher energy prices, a faltering stock market, record low home sales, price drops and foreclosures, stagflation, shrinking GDP, rising unemployment, non-existant middle class, or a weak dollar.
Sure, there have been no spillover effects whatsoever, like higher energy prices, a faltering stock market, record low home sales, price drops and foreclosures, stagflation, shrinking GDP, rising unemployment, non-existant middle class, or a weak dollar.
Sure, there have been no spillover effects whatsoever, like higher energy prices, a faltering stock market, record low home sales, price drops and foreclosures, stagflation, shrinking GDP, rising unemployment, non-existant middle class, or a weak dollar.
Sure, there have been no spillover effects whatsoever, like higher energy prices, a faltering stock market, record low home sales, price drops and foreclosures, stagflation, shrinking GDP, rising unemployment, non-existant middle class, or a weak dollar.
Sure, there have been no spillover effects whatsoever, like higher energy prices, a faltering stock market, record low home sales, price drops and foreclosures, stagflation, shrinking GDP, rising unemployment, non-existant middle class, or a weak dollar.
BB is pathetic. Forget that he’s not comfortable in public; he can’t even answer questions about his role as the single most influential financial player in the world.
IF Oil prices come down PPi will be contained… and how exactly does lowering rates help that?
He clumsily dodged every question relevant to his role, and basically said I don’t know what I’m doing, but I’m going to act like I did because I studied the Great Depression at an Ivy league school.
too bad this time really is different or Ben might not be worthless.
BB is pathetic. Forget that he’s not comfortable in public; he can’t even answer questions about his role as the single most influential financial player in the world.
IF Oil prices come down PPi will be contained… and how exactly does lowering rates help that?
He clumsily dodged every question relevant to his role, and basically said I don’t know what I’m doing, but I’m going to act like I did because I studied the Great Depression at an Ivy league school.
too bad this time really is different or Ben might not be worthless.
BB is pathetic. Forget that he’s not comfortable in public; he can’t even answer questions about his role as the single most influential financial player in the world.
IF Oil prices come down PPi will be contained… and how exactly does lowering rates help that?
He clumsily dodged every question relevant to his role, and basically said I don’t know what I’m doing, but I’m going to act like I did because I studied the Great Depression at an Ivy league school.
too bad this time really is different or Ben might not be worthless.
BB is pathetic. Forget that he’s not comfortable in public; he can’t even answer questions about his role as the single most influential financial player in the world.
IF Oil prices come down PPi will be contained… and how exactly does lowering rates help that?
He clumsily dodged every question relevant to his role, and basically said I don’t know what I’m doing, but I’m going to act like I did because I studied the Great Depression at an Ivy league school.
too bad this time really is different or Ben might not be worthless.
