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Obama: Bernanke Has Been Fed Chairman For A Lot Longer Than He Wanted Or He Was Supposed To

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President Barack Obama hinted in an interview aired on Monday that he may be looking for a new chief of the U.S. Federal Reserve Bank. "Well, I think Ben Bernanke's done an outstanding job, he's already stayed a lot longer than he wanted or he was supposed to," Obama said. He agreed to stay two years longer than he had planned and is to leave in the coming months.

"He has been an outstanding partner, along with the White House, in helping us recover much stronger than, for example, our European partners, from what could have been an economic crisis of epic proportions," Obama said. Link

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Obama should be arrested for providing comfort and aid to known terrists.

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President Barack Obama hinted in an interview aired on Monday that he may be looking for a new chief of the U.S. Federal Reserve Bank. "Well, I think Ben Bernanke's done an outstanding job, he's already stayed a lot longer than he wanted or he was supposed to," Obama said. He agreed to stay two years longer than he had planned and is to leave in the coming months.

"He has been an outstanding partner, along with the White House, in helping us recover much stronger than, for example, our European partners, from what could have been an economic crisis of epic proportions," Obama said. Link

Benny is a delusional psychopath and one of the chief architects of the Second Great Depression. With the exception of Greenspan it's hard to name an individual more directly responsible for the mess the world is in.

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"He has been an outstanding partner, along with the White House, in helping us recover much stronger than, for example, our European partners, from what could have been an economic crisis of epic proportions," Obama said

So now it wasn't an economic crisis of epic proportions. It could have been but it wasn't. Is that what's meant?

So when they handed out all the $trillions and bailed out all the $trillions and printed out all the $trillions along with the all time low interest rates what was it if not an economic crisis of epic proportions.

For sure if the past few years wasn't an economic crisis of epic proportions then most people certainly wouldn't ever want to be anywhere near an economic crisis of epic proportions.

If it wasn't so epic then they'd better get the interest rates hiked quick fast because it's sure going to blow a hole in the other direction otherwise.

He must be wrong about "our european partners" - because doesn't Osborne say that the UK economy is recovering :rolleyes::P

Edited by billybong

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Krugman, Larry Summers? The Detroit city treasury department? Who will replace him...

Helicopter Ben hasnt been Helicopter enough for the Statists in Washington I fear.

+1

Janet Yellen, the current vice chairman, is being tipped to take over from Ben. She does make Bernanke look tame. The banks and hedge funds will be very pleased.

Edited by Take Me Back To London!

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Benny is a delusional psychopath and one of the chief architects of the Second Great Depression. With the exception of Greenspan it's hard to name an individual more directly responsible for the mess the world is in.

Can hardly call him responsible considering that he was appointed on the eve of the crisis.

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Benny is a delusional psychopath and one of the chief architects of the Second Great Depression. With the exception of Greenspan it's hard to name an individual more directly responsible for the mess the world is in.

Sure but don't forget Brown and Mervyn. IIRC before 2007 London was leading New York on a "de-regulation" race to the bottom, and debt bubble blowing.

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President Barack Obama hinted in an interview aired on Monday that he may be looking for a new chief of the U.S. Federal Reserve Bank. "Well, I think Ben Bernanke's done an outstanding job, he's already stayed a lot longer than he wanted or he was supposed to," Obama said. He agreed to stay two years longer than he had planned and is to leave in the coming months.

"He has been an outstanding partner, along with the White House, in helping us recover much stronger than, for example, our European partners, from what could have been an economic crisis of epic proportions," Obama said. Link

Translation

Thx Ben for getting me a 2nd term. A $20m pa income awaits you in a bank. I accept your resignation.

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"Well, I think Ben Bernanke's done an outstanding job, he's already stayed a lot longer than he wanted or he was supposed to," Obama said. He agreed to stay two years longer than he had planned and is to leave in the coming months.

He was so doing everyone a favour by staying on.

You lucky people :lol:

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Can hardly call him responsible considering that he was appointed on the eve of the crisis.

Leave it out!

He was greenspans chief cheerleader. He has been in on the collapse from the buildup to today.

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Seems like Bernanke has finally come to the conclusion that he should try to unwind his crazy money printing lunacy. It's taken the best part of a decade, a great depression and the biggest bond bubble in history but he has finally learned that printing money is not going to make everyone rich. So he has been sacked and is to be replaced with an even worse nut case.

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Seems like Bernanke has finally come to the conclusion that he should try to unwind his crazy money printing lunacy. It's taken the best part of a decade, a great depression and the biggest bond bubble in history but he has finally learned that printing money is not going to make everyone rich. So he has been sacked and is to be replaced with an even worse nut case.

He has spoken. Markegs do not like what he said. DOW and PMs going over the waterfall.

Of course, any second they may go parabolic.

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  • 239 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%



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