The Latest Bulletin Of Financial Doom

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.

Emphasis added by me.

Remember what Alan Greenspan never said in public.

Now go out and buy something. Sure, it’ll mean less money in your pocket when it all hits the fan, but in the meantime think of the good you’ll be doing for the economy.

dealornodeala.jpg
Fed Chairman Ben Bernanke Thinks He Has The Winning Case

Explore posts in the same categories: C.O.A.T. - Money, C.O.A.T. - Politics

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s


%d bloggers like this: