How weak does the economy have to get before Ben says it is weak?
By Daniel at 20 December, 2009, 1:10 am
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I really hate to quote a Steven Segal film (of all things), but “assumption is the mother of all fuck ups”.
“Bernanke: The Dollar Carry Trade Bubble Is Only A Problem If The Economy Gets Weak Again”
“Again”?
Let’s face the facts:
With one out of four children on food stamps, one out of five workers unemployed, one out of four mortgages underwater, over 40 states in deep debt, all state and municipal pension funds underfunded, between seven and eight million more mortgage debtors in some state of foreclosure and 51% of the US population on some sort of government assistance, how weak does the economy have to get before Ben says it is weak? Wait, I get it. The economy is considered weak when the Gold Men can’t pay themselves billions in bonuses.
- black swan
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