Jump to content
House Price Crash Forum

Things That Make You Go Hmmmmm!

Recommended Posts


With that having been stated for the record, we’ll leave this subject here for now but notwithout one last statement that I personally guarantee will come back to torment the esteemed Chairman of the United States Federal Reserve.

BERNANKE: There really is no problem with raising rates, tightening monetary policy, slowing the economy, reducing ination at the appropriate time. …

Q: You have what degree of confidence in your ability to control this?

BERNANKE: A hundred percent.

Although to be fair the quote doesn't say how Bernanke is 100% confident, perhaps he's 100% confident he'll induce Weimar hyperinflation?

More joyous quotes in the article.

Link to post
Share on other sites

I'd bet he was as confident in 2007 when he said

"The subprime mess is grave but largely contained..."

and went on by way of explanation to

"Given the fundamental factors in place that should support the demand for housing, we believe the effect of the troubles in the subprime sector on the broader housing market will likely be limited"


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 441 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.