Bernanke Speech - Two Videos Recap Jackson Hole Speech
Author: Rob K. Blake
Published: August 22, 2008
I posted two videos recapping the Bernanke speech this morning in Jackson Hole, WY in interviews with John Makin of American Enterprise Institute and Ethan Harris of Lehman Brothers since no cameras were allowed.
Bernanke Speech Address Inflation
Video Part 1 - Interview with John Makin of American Enterprise Institute
Video Part 2 - Reaction with Ethan Harris of Lehman Brothers
Bernanke has convinced these analysts inflation is in check and can “play with” short term inflation to stabalize the financial markets at the expense of a weaker economy. Bernanke believes the weak economy will contain long term inflation for him.
I wonder if Bernanke has ever heard of stagflation? Stagflation was what we experienced back in the 1970’s when the economy was “stagnant” yet inflation took off. Up until then, it was erroneously believed inflation could not occur in a weak economy.
By the end of the 70’s, mortgage rates capped out at 18% and the real estate market was in shambles.
Get ready for a repeat…
Good Luck!
Author: Rob K. Blake
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