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,
Bernanke Says Student Loans Won’t Cause Crisis
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:
Bernanke: There’s No Housing Bubble to Go Bust
Oct 27, 2005 – Ben S. Bernanke does not think the national housing boom is a bubble that is …
Housing Cool-Down Is ‘Orderly,’ Fed Chief Says
May 19, 2006 – Bernanke said the slowdown is “moderate” and “orderly” and pointed to the overall …
Bernanke Believes Housing Mess Contained
May 17, 2007 – In March, Bernanke had said that the problems in the subprime market would only … Because of the great demand for mortgage-backed securities in the last few …
Fannie And Freddie Are Fine, Bernanke Says
Jul 16, 2008 – Fed chairman says government-sponsored mortgage agencies are in no danger of falling.
Bernanke: No Recession On Horizon
Feb 11, 2009 – WASHINGTON — Federal Reserve Chairman Ben Bernanke said Thursday that the USA will avoid a recession, but that the outlook has deteriorated.
Bernanke Sees Recovery Beginning in 2010
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.”
—Will Rogers
Just in time for a song for Monday. 🙂