Bernanke in a Fog Again

It was not clear to Bernanke in 2007 that there was a raging housing bubble either.

In fact, he denied there was one.

Why Are We Still Listening to This Guy?

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  2. October 17, 2015: Ben Bernanke: Superman or Fool?
  3. Jan 6, 2020: Ben Bernanke Just Won't Stop Making a Fool Out of Himself 

In the above link Bernanke says that forwards guidance won't work if the neutral rate is below 2%. Amusingly, his solution is to raise forward guidance.

100% Proven Track Record

Ben Bernanke has a 100% track record of denying bubbles. 

Moreover, even in retrospect, he cannot and will not self-assess. 

He will not admit that absurd Fed policies helped span the dot-com bubble and 100% created the housing bubble.

Mish

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