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Documents show Bernanke thought economy could pull off 'soft landing' from falling home prices

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  • Documents show Bernanke thought economy could pull off 'soft landing' from falling home prices

    Ben Bernanke presided over his first meeting as Federal Reserve chairman in March 2006 believing the nation's economy could pull off a "soft landing" from falling home prices. Three months later, Bernanke had begun to grasp that he and others had underestimated the risk housing posed to the economy.






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  • #2
    Re: Documents show Bernanke thought economy could pull off 'soft landing' from falling home prices

    Bernanke needs to buy an Austrian Economics book and put Keynes's General Theory away.
    Government is not reason; it is not eloquent; it is force. Like fire, it is a dangerous servant and a fearful master. George Washington

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