The question of the day: Is Bernanke right on the money or is he on crack?
Ben Bernanke says the Fed believes the housing slump and collapse in the sub prime mortgage market have been contained and are not affecting the overall economy. A friend of mine in homebuilding says just the opposite, and that the industry is looking at another 12-18 months before digging out of its hole.
Bernanke also said that even though gas has shot back past $3 a gallon, the Fed expects inflation to ease this summer. He is predicting moderate growth in the economy the rest of 2007.
Ben Bernanke says the Fed believes the housing slump and collapse in the sub prime mortgage market have been contained and are not affecting the overall economy. A friend of mine in homebuilding says just the opposite, and that the industry is looking at another 12-18 months before digging out of its hole.
Bernanke also said that even though gas has shot back past $3 a gallon, the Fed expects inflation to ease this summer. He is predicting moderate growth in the economy the rest of 2007.
2 comments:
Bernanke is on Crack just ask the thousands of people who already lost their homes. Ask the millions who are about to lose their homes. Bernanke is another Bush Appointee learning on the job or just following orders of the KCR Unit and the White House.
Yep...Probably crack, if he was poor it would be meth. What Ben is probably saying is that he's confident that Iran will be invaded.
Here in Oregon there are signs on the streetcorners advertizing "Will Buy Your Home".
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