Re: Big Ben Digs the Money Honey
I guess if the problem is that these guys cant speak english, maybe they should do what the white house does and hire a spokesperson or a speech writer to help them massage their dialog and answers into rational, meaningful discourse?
I'm pretty sure the folks on capitol hill arent (for the most part) economists either, so perhaps giving our decision makers more easily consumed input would result in a better process?
I think I can help Bernanke here: "We're not sure if we're done raising interest rates yet, it takes a long time...sometimes years...for changes to fully take effect. But we've raised them a lot and if we do raise them further, it'll be based on the data we see, and we probably wont raise more than one or two times at the most. We might just take a break for six months to a year and not raise at all. But we'll keep a close eye on the data".
There...simple, concise, says what I think everyone incuding the fed really thinks.
I'm wondering if the guy isnt so caught up in the "I dont want to be perceived as an 'inflation dove' so i'm going to keep raising rates when people dont think I will" thing...
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.