QUOTES OF THE DAY

8 comments

Posted on 3rd February 2014 by Administrator in Economy |Politics |Social Issues

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“We’ve never had a decline in house prices on a nationwide basis. So, what I think what is more likely is that house prices will slow, maybe stabilize, might slow consumption spending a bit. I don’t think it’s gonna drive the economy too far from its full employment path, though.”

Ben Bernanke – July 2005

“House prices have risen by nearly 25 percent over the past two years. Although speculative activity has increased in some areas, at a national level these price increases largely reflect strong economic fundamentals.”

Ben Bernanke – October 2005

“Housing markets are cooling a bit. Our expectation is that the decline in activity or the slowing in activity will be moderate, that house prices will probably continue to rise.”

Ben Bernanke – February 2006

“Despite the ongoing adjustments in the housing sector, overall economic prospects for households remain good. Household finances appear generally solid, and delinquency rates on most types of consumer loans and residential mortgages remain low.”

Ben Bernanke – February 2007

“The Federal Reserve is not currently forecasting a recession.”

Ben Bernanke – January 2008

 

“The continuing shortages of housing inventory are driving the price gains. There is no evidence of bubbles popping.” 

David Lereah, NAR’s chief economist, August 2005

“We are really on track for a soft landing. There are no balloons popping.”

David Lereah, NAR’s chief economist, December 2005

“It appears we have established a bottom.”

David Lereah, NAR’s chief economist, January 2007

8 Comments
  1. Billy says:

    MEANWHILE, in Zimbabwe…

    In Zimbabwe, fears of a new financial crisis (as if printing 100 Trillion dollar notes wasn’t bad enough…)

    Harare – After years of relative calm, beleaguered Zimbabweans are bracing for a renewed economic and financial crisis that could see their country become a silent victim of the emerging markets selloff.

    Despite President Robert Mugabe’s lofty pre-election promises, six months into his new tenure, alarm bells are ringing in every corner of this $11bn economy.

    Dollarisation means inflation is under control – to the relief of all who suffered years of hyperinflation – but joblessness remains endemic and the Zimbabwean Reserve Bank has warned that economic growth is slowing.

    http://www.news24.com/Africa/Zimbabwe/In-Zimbabwe-fears-of-a-new-financial-crisis-20140131-8

    Like or Dislike: Thumb up 3 Thumb down 0

    3rd February 2014 at 7:06 am

  2. card802 says:

    From Gerald Celente:

    “This selloff in the emerging markets, with their currencies going down and their interest rates going up, it’s going to be disastrous and there are going to be riots everywhere….So as the decline in their economies accelerates, you are going to see the civil unrest intensify.

    You already see what’s going on in the Ukraine and in Turkey. You are going to see this spread to India and Europe. The people are restless and they are waking up to the corruption that’s going on throughout the world, and how the elites are taking almost everything, and how almost everybody else is left with nothing.The entire global financial system has been floating on the fumes of the US Federal Reserve’s Ponzi scheme.
    So now with the Fed announcing the first tapering, and then the second, you can already see chaos engulfing the world as the Fed’s global financial scheme is collapsing. This collapse is engulfing the entire world, from Russia, to South Africa, into China and emerging markets across the globe. And the only way to stop this global route will be for the Fed to reverse course and dramatically increase QE.”

    http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/1/30_Celente_-_Disastrous_Global_Collapse_%26_Riots_Will_Engulf_World.html

    Like or Dislike: Thumb up 4 Thumb down 0

    3rd February 2014 at 7:39 am

  3. bb says:

    Mugabe ,is a communist and this is what they do .As Mephistopheles said in Goethes ..Faust..,all existing is worthy to be destroyed.

    Like or Dislike: Thumb up 0 Thumb down 3

    3rd February 2014 at 7:44 am

  4. Kill Bill says:

    The Federal Reserve is not currently forecasting a recession.”

    Ben Bernanke – January 2008

    Thats true, I think….Ben was actually quite busy creating a bubble that would necessarily implode.

    Like or Dislike: Thumb up 3 Thumb down 0

    3rd February 2014 at 9:58 am

  5. Thinker says:

    And just so he can influence more public policy, Bernanke joined the Brookings Institution:

    Welcome Aboard, Mr. (Ex) Chairman

    Like or Dislike: Thumb up 3 Thumb down 0

    3rd February 2014 at 10:35 am

  6. Stucky says:

    Should have save BernieQuotes for Funny Friday.

    Like or Dislike: Thumb up 2 Thumb down 0

    3rd February 2014 at 12:08 pm

  7. Econman says:

    Bernanke & His Magical Money Machine, coming to a theatre near you.

    That Princeton fucktard is like George Costanza in the opposite episode. Anything he says is 100% wrong, reverse it & you get the correct answer.

    Maybe it’s coded that way for the rich?

    Like or Dislike: Thumb up 1 Thumb down 0

    3rd February 2014 at 12:21 pm

  8. Econman says:

    Wow, Bernanke gets a cushy new job. He should get the guillotine.

    Now emerging economies will want to form terrorist organizations to attack the USA when people figure out the Fed fucked up their economy by exporting our inflation & creating bubbles elsewhere to prop the petro dollar.

    Like or Dislike: Thumb up 2 Thumb down 0

    3rd February 2014 at 12:26 pm

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