Dr. Benjamin “Blunt Smoking” Bernanke is back and badder than ever. In an interview with CNBC, Dr. B laid down the law and told fuckers how it’s gonna be — categorizing the decline to a natural disaster than some depression of greatness. He then went into how shit was about to get real scary, but also how we’d bounce back strongly.
This is a very different animal than the Great Depression … this has some of the same feel, some of the feel of panic, some of the feel of volatility. But it’s much closer to a major snowstorm or a natural disaster than to a classic 1930s style depression,” says @benbernanke. pic.twitter.com/jL5KDMrM6y
— Squawk Box (@SquawkCNBC) March 25, 2020
There will be a “very sharp” recession in the next quarter or two, former Fed Chair Ben Bernanke says. “You’re going to see some really scary numbers.” https://t.co/nXMJosXKKD pic.twitter.com/TqbTDGGK7g
— CNBC (@CNBC) March 25, 2020
“Low interest rates are something we’re going to have to live with for a while.” Former Fed Chair Ben Bernanke says low rates are a “long-term trend.” https://t.co/QQNHMgPEok pic.twitter.com/hOxomuS5ro
— CNBC (@CNBC) March 25, 2020
Whether or not going to snap back depends on the course of the virus, and whether we can keep the economy healthy or at least functioning throughout this shutdown period, says @BenBernanke pic.twitter.com/qjzfTlu6dy
— Squawk Box (@SquawkCNBC) March 25, 2020
In other news, Ackman sold his ‘hedges’ that he said he DID NOT HAVE that amounted to $2b and deployed it long into Hilton, Starbucks, and other stocks. When he went on teevee last week to scare the shit out of people, and suggest Hilton and everything else would go to zero without a total lockdown of the country, he was pretty clear about being long. But apparently, NOT TRUE, and he took the $2b he made SHORT now to buy MOAR longs.
Futures recovered sharply after hearing Bernanke, from -100 NASDAQS to positive.
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All hail the bearded clam!
Like anything is believable from quiver. The only thing this dickhead is good at is “paper mache’.
all clear. Time to go long!
I won’t believe anything until I hear from my main Fed guy Paul Volcker.
Going to be waiting awhile… since he died.
I’ll wait just the same.
Thanks.
Seems to me that we have something close to pyramiding. But what do I know.
Ah, Ben “it’s contained” Bernanke.
Yeah, we should trust what this idiot has to say.
How dare you disparage this true American hero. All hail the clam!!!
https://www.youtube.com/watch?v=o5vFvt3fJpw