Bernanke's Jackson Hole Jerk Off Continues

Sunday, August 23, 2009 , , 4 Comments


For a man who can't even match his socks correctly,
much less save the economy,
self-applause might be a tad premature.


Dude! Not only is he insane on the money-printing, he is now officially drunk on fame. Bernanke is out of control and must be stopped! (or laughed at)

KansasCity.com:

Fed leader gives ‘victory speech’ on economy

Ben Bernanke, chairman of the Federal Reserve, handed out a central banker’s version of high fives Friday with his latest outlook on the economy.

“The prospects for a return to growth in the near term appear good,” Bernanke told an audience of other central bankers, economic policy makers and investment mavens.

As tepid and noncommittal as the comment seems, it was greeted with huzzahs in the investment world.

Stocks jumped, lifting the Dow Jones industrial average 1.7 percent to its highest level since early November.

“That’s the first time he’s used the word ‘good’ to describe our economy,” said longtime Fed observer David M. Jones at DMJ Advisors in Denver. “It’s a victory speech.”

Bernanke delivered his remarks on a global stage provided annually by the Federal Reserve Bank of Kansas City. Its symposium in Jackson Hole, Wyo., has become an economic event almost in itself, drawing global economic gurus and titans of the investment world.
Seriously?

Jr Deputy Accountant

Some say he’s half man half fish, others say he’s more of a seventy/thirty split. Either way he’s a fishy bastard.

4 comments:

Anonymous said...

Having a cheerleader for America's and the world's economy is nice. A fair and balanced assessment would be better.

cl5v5r said...

matching socks is important, especially when photos are taken.

Anon,

Exactly. I'm entirely ok with optimism, but please let us be realistic about it.

In Bernanke's defense, I don't know how "fair and balanced" my assessments are either but perhaps if he and his cohorts could practice that more, I'd be inclined to do the same.


Cl5v5r,

I'm glad you pay attention to the important details otherwise i'd totally miss out ;) I'll keep that in mind for the future.

It's about time. The global financial crisis has dragged on for too long.