2011-06-08

After the Green Shoots, the Nascent Recovery, Bernanke invents the Frustratingly Slow Recovery

After the green shoots, the nascent recovery, the 2-year recovery, Monetarist clown Ben Bernanke now calls it the frustratingly slow recovery.
June 8 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said the “frustratingly slow” U.S. recovery warrants sustained monetary stimulus while predicting that growth will gain speed in the second half of the year.

“The economy is still producing at levels well below its potential; consequently, accommodative monetary policies are still needed,” Bernanke said yesterday in a speech in Atlanta. At the same time, the Fed “will take whatever actions are necessary to keep inflation well controlled,” he said.
You already know what I think about this, right? Recovery? Which Recovery?

One could wonder though why we are still listening to this idiot... Bernanke has been wrong on every single forecast he's every made. Yet, he keeps on predicting, and the lemmings keep on listening...

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