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BERNANKE’S REAL REPORT CARD

Courtesy of David Rosenberg:

BERNANKE’S REAL REPORT CARD

• 4 million lost jobs
• 4.6 percentage point surge in the unemployment rate
• 20% decline in the S&P 500
• 30% plunge in house values
• A 3.5% reduction in real GDP per capita
• 11% decline in the trade-weighed dollar
• 109 failed banks (almost matching the total from the prior 13 years combined)

… Now that he’s been reappointed, we’ll see what he does for an encore. At least now, post-reappointment, we’ll see what he does for an encore.

Source: Gluskin Sheff

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