If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(Bloomberg)   Bernanke hints he might just say "fark it, we're going to 0%" and then put the printing presses into high gear   (bloomberg.com) divider line 220
    More: Scary  
•       •       •

14460 clicks; posted to Main » on 02 Dec 2008 at 1:56 PM (5 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



220 Comments   (+0 »)
   

Archived thread

First | « | 1 | 2 | 3 | 4 | 5 | » | Last | Show all
 
2008-12-02 12:15:12 PM  
"F*ck it, we're doin' it live. WE'RE DOIN' IT LIVE!"
 
2008-12-02 12:36:15 PM  
Welcome to Japan, circa 1990's.
 
2008-12-02 12:55:08 PM  
My God, he's going to plaid!
 
2008-12-02 01:50:38 PM  
"I believe the foundations of this economy are strong"

Hmmm...maybe not.

Link (new window)
 
2008-12-02 01:57:18 PM  
Ben Bernanke: The Rex Grossman of central banking.
 
2008-12-02 01:57:58 PM  
Rain-Monkey: Welcome to Japan, circa 1990's.


Seriously. He studied the Great Depression. Did he just stop reading there?
 
2008-12-02 01:58:30 PM  
Makes me happy to see only one more month of this shiat.

Rates need to go up, inflation curbed while accepting that we'll be in the midst of a recession for quite some time.

It was the cure that ailed us after that last housing/fuel bust back in late 79 on through to the early 80's.
 
2008-12-02 01:59:03 PM  
Is it too soon to start hoarding canned goods and shotgun shells?

/Is it too late?
 
2008-12-02 01:59:07 PM  
NittLion78: Ben Bernanke: The Rex Grossman of central banking.

my first thought too

quick! somebody photoshop it!
 
2008-12-02 01:59:16 PM  
Heh...at least it's not going to eleven any time soon.

/Wife has lots of student loan debt
//Some of it is variable-rate
///Rates aren't right to consolidate now
 
2008-12-02 01:59:33 PM  
2009 is going to be the best year EVER!
 
2008-12-02 02:00:04 PM  
Ludacris Speed?
 
2008-12-02 02:00:18 PM  
ThatGuyGreg: My God, he's going to plaid!

We're going to: Ludicrous Interest Rate!
 
2008-12-02 02:00:23 PM  
Next up, "Quantitative Easing"!
 
2008-12-02 02:01:13 PM  
Raging Thespian: ThatGuyGreg: My God, he's going to plaid!

We're going to: Ludicrous Interest Rate!


Smoke your hundreds if you got 'em.
 
2008-12-02 02:01:15 PM  
Is Volker really too old to take the gig back over? He was originally brought in to fix the kinds of mistakes that Bernanke is pushing as policy. Maybe we could just skip the Bernanke years and jump to the fix.
 
2008-12-02 02:01:34 PM  
Oh bother, the article already mentioned that...

/shamed
 
2008-12-02 02:01:35 PM  
eggrolls: Is it too soon to start hoarding canned goods and shotgun shells?

/Is it too late?


I've been hording them.
 
2008-12-02 02:01:48 PM  
farked link is farked.
 
2008-12-02 02:02:20 PM  
Well, the good news is that the world is going to end in 2012, so we've got that going for us.
 
2008-12-02 02:02:41 PM  
schnarff Heh...at least it's not going to eleven any time soon.

/Wife has lots of student loan debt
//Some of it is variable-rate
///Rates aren't right to consolidate now


In the same boat (except its me, and i'm not married). I'd like to see rates slashed as far as they could go. A little inflation isn't always a bad thing. As a debtor, I happen to like the idea.
 
2008-12-02 02:02:45 PM  
Hoo boy! (grabs popcorn) This might be an interesting thread
 
2008-12-02 02:02:46 PM  
eggrolls: Is it too soon to start hoarding canned goods and shotgun shells?

/Is it too late?


You'll need diesel for the space heater and antibiotics. And the sun goes down sooner each day.
 
2008-12-02 02:03:12 PM  
img88.imageshack.us
 
2008-12-02 02:03:14 PM  
Raging Thespian: ThatGuyGreg: My God, he's going to plaid!

We're going to: Ludicrous Interest Rate!


'No sir, we did not see you playing with your dolls again.'
 
2008-12-02 02:03:28 PM  
He'll unleash the dragon too.
 
2008-12-02 02:03:34 PM  
Someone queue the Wiemar Republic era German money being burned instead of wood because it was cheaper.
 
2008-12-02 02:04:01 PM  
Going to 0% is tough because if things get worse you have nowhere to go.

/yes worse then now
 
2008-12-02 02:04:02 PM  
IdBeCrazyIf: Makes me happy to see only one more month of this shiat.

Rates need to go up, inflation curbed while accepting that we'll be in the midst of a recession for quite some time.

It was the cure that ailed us after that last housing/fuel bust back in late 79 on through to the early 80's.


Chairman of the Fed is appointed for a 4 year term, and Bernanke was appointed in 2006.
http://en.wikipedia.org/wiki/Chairman_of_the_Federal_Reserve
 
2008-12-02 02:04:03 PM  
Someone at Yahoo answers asked "Why not just give every tax payer $1,000,000 for economic stimulus?"

I thought it was a kid asking when I answered. Now I'm wondering if it was Bernanke?
 
2008-12-02 02:04:06 PM  
YES, Saved by Zero!!!!
 
2008-12-02 02:04:42 PM  
So how does one become a bank?
 
2008-12-02 02:04:56 PM  
Ecobuckeye: eggrolls: Is it too soon to start hoarding canned goods and shotgun shells?

/Is it too late?

You'll need diesel for the space heater and antibiotics. And the sun goes down sooner each day.


Just remember:

'They mostly come out at night. Mostly.'
 
2008-12-02 02:05:02 PM  
why hasn't he been fired yet?


Oh that's right, he's not a government employee.
 
2008-12-02 02:05:22 PM  
This is bad...for humanity.
 
2008-12-02 02:05:25 PM  
Ever notice how the words "central bank" have crept back into the MSM's vocabulary recently?

Maybe people forget history, and why a "central bank" has never worked out so well.
 
2008-12-02 02:05:29 PM  
Can someone translate for me?

I consider myself fairly intelligent but whenever I try to understand an economics article I go cross eyed and start drooling on myself.
 
2008-12-02 02:05:33 PM  
tweekster: So how does one become a bank?

Get yourself lots of money and a charter.
 
2008-12-02 02:05:44 PM  
Don't worry Mr. Bernanke, the armchair economists on Fark will know what to do.
 
2008-12-02 02:05:50 PM  
Ha ha. Well folks, this is the beginning of the end.

What an idiot. The man would rather sink the currency than to make banks, people, businesses pay higher interest rates, a la the late 70s and early 80s.

Recessions require PAIN. You need to suffer before you can get well.

The dollar's tombstone should have written on it: "Killed by Bernanke."


He predicted it. Again.
www.goldseek.com

"If this idiot owned a funeral parlor, no one would die!"
image.guardian.co.uk
 
2008-12-02 02:06:30 PM  
LMark: schnarff Heh...at least it's not going to eleven any time soon.

/Wife has lots of student loan debt
//Some of it is variable-rate
///Rates aren't right to consolidate now

In the same boat (except its me, and i'm not married). I'd like to see rates slashed as far as they could go. A little inflation isn't always a bad thing. As a debtor, I happen to like the idea.


All I ask is that we not have deflation. Then people like you and I would be completely farked.
 
2008-12-02 02:06:59 PM  
Headso: Ludacris Speed?

content9.flixster.com

Approves.

/also advocates moving to a ho-based currency
 
2008-12-02 02:07:11 PM  
ThatGuyGreg: My God, he's going gone to plaid!

FTFY
 
2008-12-02 02:07:21 PM  
randomizetimer: tweekster: So how does one become a bank?

Get yourself lots of money and a charter.


That was the point of becoming a bank, to borrow lots of money from the fed with reckless ignorance of how it will then be used.
 
2008-12-02 02:07:31 PM  
GunshipPolitico: Chairman of the Fed is appointed for a 4 year term, and Bernanke was appointed in 2006.
http://en.wikipedia.org/wiki/Chairman_of_the_Federal_Reserve


There is quite a bit of heavy influence the white house and congress can pressure the fed with. Don't Ben 'Grossman' Bernake to keep throwing these farking hail marys for much longer.
 
2008-12-02 02:08:23 PM  
Why does the government think there is a "quick fix" to this shiat when it took years for it to build?

FTA: "Last week, the Fed announced two new programs aimed at unfreezing credit for homebuyers, consumers and small businesses."

And am I stupid, or is the problem not that people can't borrow, the problem is, a lot of them don't have jobs? At least that's what I'm seeing. They think "loosening" credit is gonna "fix" the economy? Isn't getting too much credit what caused a lot of this bullshiat to begin with?
 
2008-12-02 02:09:35 PM  
So.. is now a good time for me to buy a house?

Thats all I really want to know.
 
2008-12-02 02:10:10 PM  
bmihura: Maybe people forget history, and why a "central bank" has never worked out so well.

Where has the lack of a central bank worked out better, pray tell?
 
2008-12-02 02:10:22 PM  
Is it time for me to unload my Circuit City stock yet?
 
2008-12-02 02:10:22 PM  
Walker: "F*ck it, we're doin' it live. WE'RE DOIN' IT LIVE!"

DAMNIT walker. coffee all over my lap.



/hot as bill's temper
 
Displayed 50 of 220 comments

First | « | 1 | 2 | 3 | 4 | 5 | » | Last | Show all



This thread is archived, and closed to new comments.

Continue Farking
Submit a Link »






Report