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In Private, Bernanke Tells Horror Stories
01-23-2008, 11:51 AM
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#1
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Confused about dryer sheets
Join Date: Jan 2008
Posts: 3
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In Private, Bernanke Tells Horror Stories
People wondering why Federal Reserve Chairman Ben Bernanke suddenly moved to
reduce the bank borrowing rate by three quarters of a point should know
that in private he has expressed growing pessimism about the economy.
Whispers has learned that has told people in recent weeks that the economic
situation some see falling into recession will be much worse than he has admitted to publicly.
In Private, Bernanke Tells Horror Stories - Washington Whispers (usnews.com)
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01-23-2008, 09:49 PM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 5,590
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Ok....I guess I don't get the 'Horror Stories' part. More hype in the headline than meat in the article.
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01-23-2008, 10:07 PM
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#3
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,697
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Yep, I have a cousin who has a friend who overheard someone saying that things were going to be just fine. I think they have a blog and everything 
__________________
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.
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01-24-2008, 04:41 PM
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#4
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Recycles dryer sheets
Join Date: Aug 2007
Posts: 433
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Real horror to Dr. B. would be rising wages, failing banks, or declining equities.
__________________
Consult with only myself as your adviser or representative. My thoughts should be construed as investment advice of the highest caliber. Past performance is but a pale shadow and guarantee of even greater results in the future.
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01-24-2008, 05:57 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 2,450
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As long as he doesnt tell the Money Honey, then all should good
__________________
- Hurry! to the cliffs of insanity!
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01-25-2008, 02:44 PM
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#6
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Confused about dryer sheets
Join Date: Jan 2008
Posts: 3
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Horror?
Well I guess it depends on if you believe the recession will be "short and shallow" or "long and deep"? I think long and deep ... and I think Mr. B knows it too.
I like the comment about "my friend with a blog" though ... true 'dat.
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02-07-2008, 09:04 AM
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#7
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Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 1,052
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I think Bernanke IS the horror story. How long before he puts us in the type of crisis Japan reached not too long ago? Rates get down to 1/2% and then where do we go? He's absolutely killing the dollar! I think, whereas Greenspan could talk the market back up, Bernanke feels he needs to be a part of it.
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