Tuesday, September 15, 2009

My Track Record Against Ben Bernanke's

Ben Bernanke, on March 28, 2007, said, "[T]he impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained."

On March 15, 2007, writing on this blog about Downey Financial, I said, "Subprime debt has already had a severe correction. I believe this will spread to the 'Alt-A' market."

Now Ben says that the "recession is very likely over at this point."

Thanks Ben! Now I don't know whether to believe you or my lying eyes.

I'll send a copy of Ron Paul's End the Fed to the first person who sends me proof of something prescient that Ben Bernanke said publicly during this crisis.

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