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Four Shocking Bombshells Bernanke Did NOT Tell Congress About Last Week

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posted on Jul, 27 2010 @ 08:50 PM
link   
www.moneyandmarkets.com...

In his testimony before Congress last week, Ben Bernanke lifted the Fed’s skirt and gave us a glimpse of the disasters now sweeping through the U.S. economy.

But there are four bombshells he did NOT talk about:

FIRST and foremost, what’s CAUSING the economy to sink? The stock market has not yet crashed. Interest rates have not yet surged. Gasoline prices have not skyrocketed. There has been no recent debt collapse, market shock, or terrorist attack.
More at link...

This SHOULD come as no suprise as we all know the "Gubermint" has "fudged" almost every relevant statistic since the fall of 2008...

I especially like the take on the discouraged worker numbers that magically disappear at 366 days...

Did anyone see the Dallas Fed report today? worse than expected...

Dallas Fed says Texas factory activity remained sluggish in July
www.dallasnews.com...

Anyone see ECRI numbers? now at -10.5%...the double dip is almost a certainty...it's never been wrong...

John Hussman: Betting on a bubble, bracing for a fall
www.investmentnews.com...

~

Undoubtedly, the most timely indications of recession risk are based on composites of multiple indicators, which is one of the reasons I've focused recent comments on the ECRI Weekly Leading Index (WLI). Last week, the growth rate of that index slipped again, to -10.5%, which we've never observed outside of actual or oncoming recessions, though the ECRI notes that there are two unpublished data points in the early post-war years that weren't associated with recessions.

~

Mod Edit, to add external quote tags
 

MOD NOTE: Posting work written by others
[edit on Tue Jul 27 2010 by DontTreadOnMe]

[edit on 7/27/2010 by Hx3_1963]




posted on Jul, 27 2010 @ 09:11 PM
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He's just another crook and liar. Why should we believe a word he says?



posted on Jul, 27 2010 @ 09:16 PM
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reply to post by Hx3_1963
 


and it will, the elites have a plan, it is always the same plan, and that is war.

 

Mod Note: Big Quote – Please Review This Link.

[edit on Tue Jul 27 2010 by DontTreadOnMe]



posted on Jul, 27 2010 @ 09:16 PM
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reply to post by ~Lucidity
 

That's why I added a couple other relevant links...to kinda support his view...

I'm assuming he (the author) has a agenda being a stock market shill, but, the other indicators (ECRI) are a tried and time proven indicator that the road ahead is rocky to say the least...

[edit on 7/27/2010 by Hx3_1963]



posted on Jul, 27 2010 @ 09:18 PM
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off-topic post removed to prevent thread-drift


 



posted on Jul, 27 2010 @ 09:20 PM
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No one even cared about this thread...

www.abovetopsecret.com...

Maybe it was a dupe. Or maybe it just doesn't matter.

reply to post by Hx3_1963
 

Maybe so...I think they keep us confused on purpose to be totally frank.


[edit on 7/27/2010 by ~Lucidity]



posted on Jul, 27 2010 @ 09:25 PM
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reply to post by ~Lucidity
 

WOW...that sucks...

Guess we've all been desensitized to the point where our Ipad/Ipod recall news is more important...sorry, but, I gave you S&F just now


It appears to me the FED & Treasury aren't on the same page...another reason to follow this even more closely IMHO...

Here's a release on a recent ECRI reading...

ECRI Registers Yet Another Week of Negative Growth
June 21, 2010
seekingalpha.com...

and another one bites the dust


[edit on 7/27/2010 by Hx3_1963]



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