### Comment:
What are you smoking? Bernanke was NOT bearish when he cut rates in Sept 2007. He said in Jan 2008 that there was no sign of a recession, even though later GDP revisions show that it started in Q4 2007.

### REPLY:
[https://money.cnn.com/2007/08/17/news/economy/fed\_rates/](https://money.cnn.com/2007/08/17/news/economy/fed_rates/)  
  
 That was the August 2007 rate cut.  Feels bearish to me.  Bernanke cited tough market conditions.  Countrywide was going to go bankrupt.

### END.