In Private, Bernanke Tells Horror Stories

[MiningMajor]

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)

 

[jazz4cash]

Ok....I guess I don't get the 'Horror Stories' part. More hype in the headline than meat in the article.

 

[cute fuzzy bunny]

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

 

[barbarus]

Real horror to Dr. B. would be rising wages, failing banks, or declining equities.

 

[maddythebeagle]

As long as he doesnt tell the Money Honey, then all should good

 

[MiningMajor]

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.

 

[Art G]

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.