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.

Fed Chairman Ben Bernanke Thinks He Has The Winning Case

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