Saturday, July 09, 2011

The Goldawn Glory (Minus the Gloworm Gleam)

We need to revisit the classics, bro.
It's not fun unless you do that, yo!

Link.

“If actions taken by the administration, the Congress, and the Federal Reserve are successful in restoring some measure of financial stability — and only if that is the case, in my view — there is a reasonable prospect that the current recession will end in 2009 and that 2010 will be a year of recovery,” Mr. Bernanke said.
Two QE's later, and the unemployment rate is larger than that of the quote (Feb 2009.)

How are those academic theories working out, professor?

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