Guzzo the Contrarian

It seems that just recently, Ben Bernanke, the Fed Chief, was asked about the risk of shrinkage in the economy. As reported by Mr. Bernanke in this Fortune.com article:

“The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so,” Bernanke said this week at a conference in Boston. “The Federal Open Market Committee will strongly resist an erosion of longer-term inflation expectations.”

Although not reported by anyone yet, the word in the street is that Mr. Bernanke mis-heard the question and was caught by the camera responding to a what he “thought” was the question about shrinkage.

Well, at least that’s the rumor.