Fed Chairman Ben Bernanke in a speech to the Senate Banking Committee said he does not believe the US will suffer another bout of 70s style deflation. In his view, the commodity prices increases are about over and prices should stabilize in the coming months. I hope he's right but don't think that healthcare and education are going to moderate any time soon.

 

Submitted: Feb 28, 2008    Views: 190    Comments: 1    Likes: 1   


View Article: http://www.nytimes.com/reuters/business/business-usa-fed-bernanke.h...


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JRodgers

Bernanke came across as a complete fool. He basically said that 70s-style stagflation is not a risk, but he was unprepared for the obvious follow-up questions and couldn't explain why the current economic environment is materially different from that then.

Posted: Mar 1, 2008



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