RSS Feed

a playground of art, photos, videos, writing, music, life

 


You are here







Random Quote

Who wants to become a writer? And why? Because it's the answer to everything. To 'Why am I here?' To uselessness. It's the streaming reason for living. To note, to pin down, to build up, to create, to be astonished at nothing, to cherish the oddities, to let nothing go down the drain, to make something, to make a great flower out of life, even if it's a cactus.
-- Enid Bagnold


 

Blog - Blog Archive by Month - Blog Archive by Tag - Search Blog and Comments

<-- Go to Previous Page

Admittedly Clueless

 

I'd help him figure this out, but it would be like, well... talking freedom to a communist.

Brutally honest, Bernanke admitted that he had no clue what was actually causing the current fragility in the U.S. economic recovery. While the FOMC statement assigned blame outside of the U.S., pointing at Japan along with rising food and oil prices, Bernanke was put on the spot by a reporter who noted the inconsistency behind that explanation and a lowering of long term forecasts. Bernanke took the hit, admitting only some of the factors were temporary and that he didn't know exactly what was causing the slowdown, but that it would persist. "Growth," said Bernanke, "will return into 2012."
I agree with his forecast. After Obama and his blundering policies are voted out of office, I expect a resounding 4th quarter rebound. But I imagine Bernanke is clueless as well about exactly why 2012 will bring growth.

 


by Brett Rogers, 6/22/2011 4:16:49 PM
Permalink


Comments

Add Your Comment:
Name (required):
Web Site:
Remember Me:   
Content: (4000 chars remaining)
To prevent spammers from commenting, please give a one-word answer to the following trivia question:

What time-telling device can a person wear on their wrist?