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Flashback to Oct. 2005: Bernanke: "There's No Housing Bubble to Go Bust" - How did this guy get the most important job in finance?

This Link is located in the Public Channel Housing Bubble and Bear Links.
Posted by ian 1 year 246 days ago (washingtonpost.com). Views: 159
Tags: ben bernanke federal reserve housing bubble wall street

Related Tags: finance economics business stocks video forbes bailout peter schiff

Ben S. Bernanke does not think the national housing boom is a bubble that is about to burst, he indicated to Congress last week, just a few days before President Bush nominated him to become the next chairman of the Federal Reserve.

U.S. house prices have risen by nearly 25 percent over the past two years, noted Bernanke, currently chairman of the president's Council of Economic Advisers, in testimony to Congress's Joint Economic Committee. But these increases, he said, "largely reflect strong economic fundamentals," such as strong growth in jobs, incomes and the number of new households.

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Housing Bubble and Bear Links (1,499 Links)

Created by ian 2 years 212 days ago in Finance. Views: 11,907. Link Views: 393,141
Tags: housing bubble investing real estate subprime mortgage finance economics
Related Tags: wall street business stocks video politics consumer issues credit crisis

This channel was created on April 10, 2007, during the peak of the housing mania, to warn investors of the coming collapse in home prices. For quite some time we have warned investors to get out of U.S. stocks. This channel represents the best of the [More...]

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