CREDIT CRASH
Commentary on Bernanke report on monetary policy, particularly "I don't anticipate stagflation. I don't think we are anywhere near the situation that prevailed in the 1970s".
2 Comments Add this link to... Bury
2 Comments Add this link to... Bury
Credit crash is a social news site for the credit markets
He says if they hadn't acted "by two o'clock that afternoon, $5.5...
I always check credit ratings before I make a decision...
This won't tackle the lack of deals or reluctance of lenders to refinance...
At least Bernanke was clear about what they believed - even if they're...
Fed sees more risk to the downside BUT doesn't realize that there's enough...
Writedowns are MORE than $18 billion. In the release they reveal U.S....
Dont see how they were all owned by the "elites", anyway dont...
Don't worry still plenty more costs to be "exposed", fallout is...
Comments
Fed sees more risk to the downside BUT doesn't realize that there's enough decoupling already in the system so that commodity prices etc will continue to rise. Add to that further upward pressures due to biofuel and core cpi will rise no matter how deep a recession we're in.
At least Bernanke was clear about what they believed - even if they're wrong.