Little Big Horn for Bernanke

What did Ben Bernanke know and when did he know it?


Ben Bernanke's track record.

"At this juncture . . . the impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained," March 28, 2007

Bernanke on Housing

“Given the fundamental factors in place that should support the demand for housing, we believe the effect of the troubles in the subprime sector on the broader housing market will likely be limited,” May 17, 2007

"We do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system." May 17, 2007

Bernanke's pedigree, his economic raison d'etre was his historical expertise in depression era economics. Unfortunately, in practice, his analysis and response have lacked insight and scale. His own words betray him. He simply must go.

Good trading and great risk management to all.

Educational use only. Never intended as investment advice.