Here’s the recessionary word from oracle Ben Bernanke. He sounds a bit like Dennis Kneale:

Here’s Senator Bernie Sanders giving his opinion about the economy. Are these men talking about the same economy?

Here’s Dennis, just for contrast:

Are these men talking about the same economy?

The answer is no. Bernanke & Co. are looking at the financial economy. Having had trillions shoveled at its major institutions over the past year and with experienced leadership (still) at the helms of these firms, the (suggested) returns on liquidity (ROL) have been (should be) strong … so far.

The ROL metric only exists for weeks or months at most. Ten trillion dollars with the filip of added trillions worldwide ought to buy at least three months of solid US financial growth. Enough to allow the Fed Chairman the opportunity to get on TV and declare an end to our long national nightmare.

What would the situation be like for the Fed Chairman not to announce an end to the recession. Wouldn’t it make all that liquidity and stimulus a wasteful failure? Can’t have that, can we?

Sanders, on the other hand, reflects on the steadily increasing rate of unemployment. Employment is a central issue of the productive economy which has received little of the attention granted to the finance giants. Even though the unemployed represent the customers of American businesses, the cogs in the productive economy are subject to Schumpeter’s ‘creative destruction’, while their counterparts in finance are not. Those producers that do not adapt to the condition of no customers will be swept away, leaving space … not for new businesses, but for the expansion of finance- favored monopolies into even greater monopolies.

Monopolization and consolidation are the unintended consequences of economic turmoil …

Right?