The Bernanks’s Track Record

How is our favorite Professor doing? Ahh the Halls of Academia have given us so much.

Below are some spot on points on The Bernanke’s track record from Mike Shedlock’s blog. You can read the full article here.

Bernanke’s QE II Scorecard

1. Long-term yields are rising
2. Banks are not lending
3. Consumer credit is still dropping
4. Housing prices hit new all time record lows
5. Housing starts have hit new all time record lows
6. Banks are sitting on massive amounts of properties not marked-to market
7. Commodity prices have soared
8. Food and energy prices are up substantially
9. Those on fixed incomes earning nothing on their deposits are getting crushed
10. The stock market marches higher

Bernanke has taken credit for point number 10. He ignores or denies any role in points 1 through 9.