What Could Possibly Go Wrong?

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That?

It's just a simple answer to a simple question. I'm not saying that it will happen. I'm simply saying that it could happen.

July 17, 2013
Hilsenrath: What Bernanke Means

“If a substantial part of the reductions in measured unemployment were judged to reflect cyclical declines in labor force participation rather than gains in employment, the committee would be unlikely to view a decline in unemployment to 6.5 percent (unemployment rate) as a sufficient reason to raise its target for the federal funds rate.

What if we don't even make it down to 6.5 percent before the next recession hits? As seen in the following link, Ben Bernanke's powers of assumption appear to exceed his powers of prediction (by a fairly wide margin).

October 25, 2005
Bernanke: There's No Housing Bubble to Go Bust

"Without these policy blunders by the Federal Reserve, there is little reason to believe that the 1929 crash would have been followed by more than a moderate dip in U.S. economic activity," Bernanke wrote.

Welcome to the first "moderate dip" of the 21st century. Thankfully, there was no housing bubble to go bust and therefore there were no monetary policy blunders leading into it, lol. Sigh.

Sarcasm, it isn't just for breakfast any more.

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Source Data:
St. Louis Fed: Custom Chart