Thursday, Feb 15, 2007
Bring out the band on the Titanic?
FT.com: Fed sees soft landing for economy
Stocks and bonds jumped on Wednesday after Ben Bernanke laid out a fundamentally benign analysis of the US economy in his twice-annual testimony to Congress.
The Federal Reserve chairman painted a picture of recovering growth, moderating inflation and reduced economic risks that evoked memories of the “Goldilocks” economy of the late 1990s – so-called because it was neither too hot nor too cold.
Posted by dohousescrashinthewoods @ 01:21 PM (171 views) Add Comment
3 Comments
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1. Lvmreader said...
Translation: "Oh please God, please don't let there be a crash. Please, Please, Please. With sugar on top".
2. denzil said...
Bernanke has learned from his mistakes and will not say anything remotely bearish.
3. harold said...
What Bernanke says is about as meaningful as the RPI. The guy clearly lives in a bubble, partly of his own making.