re: In honor of Ben's last FOMC meeting, let's appreciate Bernank the Tank

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Pure genius.

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Did you even bother reading the link? This article was in 2005 and he stated that housing prices were fair and that "house prices are unlikely to continue rising at current rates", and that "a moderate cooling in the housing market, should one occur, would not be inconsistent with the economy continuing to grow at or near its potential next year". If you wanted to post something actually relevant to this fact you should have looked at his FOMC statements and pointed at the lack of acknowledgement in housing market weakness.

He was wrong in that housing prices did continue to rise, even faster than the rate at the time for another 6-8 months. Like I said, he didn't get everything right but I believe he got the big stuff right. This is an appreciation thread. If you want to shite in this thread start your own somewhere else.

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Pure genius.

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Says the guy who doesn't know the difference between bid and ask prices.