by Quoth The Raven, QTR’s Fringe Finance:
Saying subprime was contained and calling for transitory inflation turned out to both be humiliating predictions. Now here’s the next odious lie coming down the bullshit economic turnpike…
Think seriously for a moment about what we were told about inflation over the last two years. As everybody knows, both the government and the Federal Reserve swore up and down to us that inflation was going to be transitory and they were, of course, dead wrong.
This wholly incorrect prognostication will be filed next to Ben Bernanke’s “subprime is contained” statement as one of the all-time worst pieces of financial and monetary analysis provided by those who are supposed to have mastery of the subject at a consequential time, ever.
The lying sharks swim and circle with impunity.
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