Going Retro

So forget all that you see
It's not reality
It's just a fantasy
--Aldo Nova

Barry Ritholtz shares a portfolio of comments on housing, economy, et al. by Ben Bernanke from 2005-2007. Why we continue to listen to Mr Bernanke, given his terrible track record, is indeed mind numbing.

btw, retrospective analysis of bureaucratic commentary is not done often enough. For instance, I recently heard some clips uttered by Barack Obama (on finance exec bonuses, his belief in free markets) and Barbara Boxer (on global warming) that reveal gross inconsistencies in their positions at different periods in time.

Mainstream media rarely engages in this sort of analysis. Instead, it is mostly the product of inquiring minds asking common sense questions.