Mr. Bernanke said the U.S. recovery, now more than two-and-a-half years old, continues to be “modest.” He conceded the pace of growth has been slower than what the Fed expected. But he was more optimistic about the long run, saying the economy hasn’t been permanently scarred by the financial crisis. “Although important problems certainly exist, the growth fundamentals of the United States do not appear to have been permanently altered by the shocks of the past four years,” the Fed chief told the gathering, which this year focuses on long-term growth prospects for the global economy. [WSJ]

Comments (39)

  1. Posted by Guest | August 26, 2011 at 10:45 AM

    Also, go screw yourselves.

    - B. Bernanke

  2. Posted by Keynes_blows_goats | August 26, 2011 at 10:52 AM

    You guys like the "Greenspan Put"? You'll LOVE the "Bernanke Blankie"!!

  3. Posted by AlphaGekko | August 26, 2011 at 11:00 AM

    "The economy is not permanently scarred, but it will likely suck for the next 10 years". He skipped over that last part in his speech.

  4. Posted by GUest | August 26, 2011 at 11:03 AM

    Well I got news for Bernanke, he is about to be pounded in the ass by a certain strap on wearing bitch named Irene.

  5. Posted by Nailz6 | August 26, 2011 at 11:06 AM

    Then we have failed.

    - Dick Fuld

  6. Posted by Helicopter Ben | August 26, 2011 at 11:14 AM

    The economy may not be permanenty scarred, but the dollar looks like it just flew through the friggin windshield face first…

  7. Posted by Nervous Tribeca Jew | August 26, 2011 at 11:20 AM

    I'm nervous about the economy and the storm surge into lower Manhattan.

  8. Posted by early_hominid | August 26, 2011 at 11:23 AM

    Show up in Texas and I'll put your beard in a wood chipper. Varmint.

    - Rick "Yosemite Sam" Perry

  9. Posted by Texashedge | August 26, 2011 at 11:25 AM

    I wish he would just tell the economy to go up and everything would be okay

  10. Posted by +1 | August 26, 2011 at 11:42 AM

    someone please set up a food eating challenge this afternoon

  11. Posted by N.A.S. Keflavik boi | August 26, 2011 at 11:46 AM

    Grand Teton Intercontinental, Jackson Hole Wyoming
    Invoice for Week of: August 22-28th
    Room Number: Henry Morgenthau Suite (1938)
    Guest: Bernanke, B.
    In-Room Movie (Weekend at Bernies) – $15.99
    Pre check-in carpet de-semenization
    (special request) by Stanley Steemer – $ 99.45
    Amazon.com – One (1) copy of
    "The Creature from Jekyll Island"
    (deluxe hardcover edition) – $ 29.95
    Meat-Ball Sandwich – $ 8.75
    Replacement window
    (broken from inside, apparently
    by a hardcover book) – $ 129.50
    Kitco.com – twenty- five(25)
    .9999 pure Ag 1 oz Canadian
    Maple Leaf coins @ 42.50 – $1,062.50
    Overtime – additional cleaning staff – $ 245.00
    Post check out carpet desemennization
    (Stanley Steemer) – $ 99.45

  12. Posted by ShortNaked | August 26, 2011 at 11:49 AM

    Relax Duder. After the storm blows through the City wont smell like piss for a few days.

  13. Posted by Hacksaw | August 26, 2011 at 12:06 PM

    Meredith Whitney's real name is Irene?

    -Hacksaw Jim Duggan

  14. Posted by early_hominid | August 26, 2011 at 12:27 PM

    Wonder what lots of drowned rats decomposing in the August heat will smell like.

  15. Posted by The Truth | August 26, 2011 at 12:31 PM

    Chinatown

  16. Posted by VonSloneker | August 26, 2011 at 11:48 AM

    Preposting for Sunday morning:

    Barak Obama hates white people. He was playing golf while the streets flooded in Manhattan.

  17. Posted by The Truth | August 26, 2011 at 12:32 PM

    92nd St Y = Superdome of the UES

  18. Posted by Economy | August 26, 2011 at 12:44 PM

    UBS Sucks

  19. Posted by UT Moxy | August 26, 2011 at 1:05 PM

    Manhattan is fucked. The latest models indicate absolute destruction.

    God Bess Texas

  20. Posted by Lone Star | August 26, 2011 at 1:08 PM

    Fuck Texas. The only state to shoot JFK

  21. Posted by PermaGuestII | August 26, 2011 at 1:11 PM

    That was authentic frontier gibberish!

    -Johnson

  22. Posted by PermaGuestII | August 26, 2011 at 1:16 PM

    "God Bess Texas"

    Did you mean to make this a list, as in "God, King and Country?" If so, find the comma key.

    Or is "to Bess" now a verb, and are you asking the Lord to create another Bess and bestow her upon a drought-ridden former Mexican province?

  23. Posted by WTF is a Snookie? | August 26, 2011 at 1:22 PM

    New Jersey

  24. Posted by Spyro the Agknewt | August 26, 2011 at 1:23 PM

    God Bess America?

  25. Posted by Groundhawg Day | August 26, 2011 at 1:33 PM

    Staten Island

    - Staten Island Chuck

  26. Posted by Park Slope Killer | August 26, 2011 at 1:35 PM

    If the Gowanus Canal is flooded, everyone is fucked.

  27. Posted by Mexi_Cant | August 26, 2011 at 1:38 PM

    I wonder if seamen would be invisible on his seamen colored beard.

  28. Posted by VonSloneker | August 26, 2011 at 1:56 PM

    Yeah…and the only states to shoot Abraham Lincoln and John Lennon. +2 Texas…

    Hook 'em

  29. Posted by VonSloneker | August 26, 2011 at 2:00 PM

    I'll be enjoying Per Se's "Irene Tasting Menu"…10 mini courses on either side of the eye of the storm.

  30. Posted by Weatherman | August 26, 2011 at 2:04 PM

    Ben Bernanke: When I see a storm front coming, I'm all, "What's up, bitch?!" And the storm is all, "Not, much, Sir." And I'm all, "That's right, bitch! Now, go make me a sandwich!"

  31. Posted by Texashedge | August 26, 2011 at 2:08 PM

    Please leave us out of this

  32. Posted by guest | August 26, 2011 at 2:48 PM

    I don't know about you, but I "Bess" every night before I go to bed

  33. Posted by Yanks | August 26, 2011 at 2:55 PM

    Botson

  34. Posted by Guest | August 26, 2011 at 3:51 PM

    It actually means everyone will get the Clap, which is subtly different from getting fucked. We'll let you slide for getting the two confused though
    http://ny.curbed.com/archives/2007/10/03/gowanus_

  35. Posted by Guest | August 26, 2011 at 3:55 PM

    Yeah have fun going sub-500 again

    - Roll Tide

  36. Posted by Slappy | August 26, 2011 at 4:01 PM

    I used to be a seamen back in WWII. Now I just put it on my wife's back.

  37. Posted by VonSloneker | August 26, 2011 at 4:06 PM

    Oh sure, talk about last season. What about the Longhorn's legitimate years as a program?

    -M. Applewhite

  38. Posted by UBS MD | August 26, 2011 at 4:59 PM

    The color an object resides on has no actual affect on what color that object actually is. Thus the seamen would not turn invisible.

  39. Posted by Raul | August 29, 2011 at 1:02 PM

    Same old storyline since Bernanke Blankie first started working at the post. :( We're all F!!!