Really. It’s “contained.” Ben Bernanke says so. Cody Willard of Marketwatch gives us reasons to be confident in the latest pronouncement of The Great Ben,
I’d like to think that the Student Loan Crisis won’t matter. But if Bernanke says it won’t matter, then it probably will. I mean, that guy has a long history of being remarkably wrong about everything anytime he pontificates about the future:
Oct 27, 2005 – Ben S. Bernanke does not think the national housing boom is a bubble that is …
May 19, 2006 – Bernanke said the slowdown is “moderate” and “orderly” and pointed to the overall …
Jul 16, 2008 – Fed chairman says government-sponsored mortgage agencies are in no danger of falling.
Feb 11, 2009 – WASHINGTON — Federal Reserve Chairman Ben Bernanke said Thursday that the USA will avoid a recession, but that the outlook has deteriorated.
Mar 15, 2009 – But Mr. Bernanke said — in a rare interview — that the economy’s problems are ebbing…
Trust, but verify. And remember what this fellow said,
“It’s almost been worth this Depression to find out how little our big men know.”
Just in time for a song for Monday. 🙂