The Fed
Posted by kevinbrunt on January 27, 2008
I just don’t know what to think about these guys(and a few girls), especially Bernanke, the Fed chairman. First this genius, tells us early last year that the subprime debacle(pre-debacle at that time)was well contained and would not spill over into other areas. Well, duh, look what happened Big Boy. Now, they are telling us that inflation is going to be tame in the coming year BUT…..growth is going to be at a measly 1.5% annually, which in turn will put a halt to job growth. Seems, we need 2.5% growth to keep the jobs coming. Do we believe anything they say?
I know this is an extremely difficult position but I fear political pressures keep them from being forthright. Really, before they start talking recession, it is usually about over. The numbers we have been getting the past several months come no where close to matching the reality here at home.
I miss Greenspan…..Kevin
