Bernanke Senate Testimony 02/14/2008
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5:09
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first he says that banks are not willing to give out credit. then why is he creating liquidity by lowering interest rates? he doesn't talk about why the oil prices increase?
joshrain1 4 years ago
So the rate of profit in the debt product market has fallen to zero.
This means that the whole debt product market sector has disapeared and banks and finance will have to adapt to a re-alignment towards the real economy.
Mike1977a1 4 years ago
It would suck to have his job after Alan Greenspan spent 20 years printing money which created all of the problems that the U.S. is going through right now. Lowering interest rates now will just delay the inevitable recession. Better to get the recession over with now.
Wallacefield 4 years ago