Saturday, May 23, 2009

The next time you hear someone shouting from the rafters how the Fed Chairman has seen some more green shoots or how the consensus thinks this or that, keep this video in mind.

Of course, this is a bit unfair to have clipped together just all of the forecasts that Chairman Bernanke got wrong, but it's still pretty telling just how wrong the Fed has been with their near-term forecasts.

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