Can Federal Reserve Chairman Ben Bernanke really keep inflation to 2% by "raising interest rates in 15 minutes" as he stated in Dec. 2010? No. Finished goods inflation is already as high as it was in 2007 when civilian unemployment was only 4.8% versus 9.4% today. But home prices are falling again. The Fed has to choose between commodity inflation or a re-crashed housing market and even higher unemployment. Which will he choose?
Increase interest rates in 15 minutes, and, in some countries, you'll declare moratorium in 5 minutes!
TheMrRanna 10 months ago
2 Trillion dollars is a Cruise ship steaming towards a reef, turning off the engine will have the same effect as having it on.
Pfsif 11 months ago
@ristau Bugs got dental floss too.... So he doesnt have to pay $50 for it in a few years.
flyinbry 11 months ago
the real unemployment rate is more like 15~20%. Dollar will not devaluate. Dollar will collapse.
mspsys 1 year ago
But the Ben Bernank is SO CUTE! He can do no wrong! I gotta get me a Ben Bernank doll! (sarcasm alert)
mphello 1 year ago
Bugs Bunny already got rid of all his dollars by now.
Only carrots, silver and gold.
ristau 1 year ago
Great video, its really nice to have the commentary explaining the chart. Thank you
mightybaboonking 1 year ago
good video, but could you demonstrate what it would like with "real" unemployment numbers, not the BS number the gov gives us. What a mess.
btw..first...lol.
TheEarthGerm 1 year ago 2