Maybe man of DC but anyone can run a printing press. He has been way off on his predictions all through his career. The man is worse than a broken clock. You can worship him if u like. I will hold it against you.
"inflation of credit - ecstasy, delusion, fantastic enrichment. Deflation of credit - depression, crisis, remorse. One state succeeds the other and there is no escape, for one is cause and one is effect." Garet Garrett in "A Bubble That Broke the World"
Bernanke must have missed that book like he missed the housing crisis in 2008. If he asked me I would have told him to sell real estate just like I did. Bubbles always burst. It is the nature of bubbles.