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July 18, 2013
Actually, Bernanke Has Done a “Phenomenal Job”: Jack Rivkin

The ‘happening’ Rivkin refers to is the slow but steady recovery the U.S. economy has mustered since the dark days of the financial crisis.

Would Typhoid Mary have done a "phenomenal job" if she had offered ZIRP to her victims? It certainly sounds medicinal.

Perhaps "victims" isn't quite the right word. I'm sure Ben Bernanke was doing all he could to warn investors of the risks at the very top of the housing bubble.

But if Bernanke is confirmed as Fed chief, and if the housing market slows more than he expects, he would be unlikely to use the central bank's power over short-term interest rates to prop up falling housing prices for the sake of individual homeowners, according to comments he has made in numerous speeches and statements in academic papers.

"There's no housing bubble to go bust" but even if there is one, don't expect 4+ years of ZIRP? Memory lane sure cracks me up sometimes. Heck of a job Bernanke! ;)

Source Data:
St. Louis Fed: Custom Chart