bernanke is looking stupid for rate cut

front page WSJ says Bernanke is a weak lilly livered pansy

well, Greenspan reduced rates in 87 after crash, nonetheless, I feel that Bernanke made a mistake with aggressive rate cutting. after reading Greenspan’s bio, I have a lot of respect for him and the bar is set even higher because of his accomplishments. I don’t think Bernanke is on his level.

it’s easy to judge postfactum

FrankArabia Wrote: ------------------------------------------------------- > well, Greenspan reduced rates in 87 after crash, > nonetheless, I feel that Bernanke made a mistake > with aggressive rate cutting. after reading > Greenspan’s bio, I have a lot of respect for him > and the bar is set even higher because of his > accomplishments. I don’t think Bernanke is on his > level. Cut the guy some slack, all he’s doing is cleaning up Greenspan’s mess. There were two MAJOR bubbles during Greenspan’s reign, obviously induced by very cheap capital. The bar isn’t set very high, IMO.