Monday, December 1, 2008

Chronicles Of Depression 2.0: #453: Bernanke

Bernanke: lower interest rates are "feasible"
A student of the Great Depression, Bernanke said the current period of economic woe bears "no comparison in terms of severity" to the 1930s.

I would have liked to have seen the exact quote here.

What did he actually mean?

1) It's not as bad as the 1930s right now because this is still like 1929


2) I'm an incompetent eejit and don't think things can ever get that bad

Seeing what I posted from him back in January, I'm disinclined to give him the benefit of the doubt.

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