Ben Bernanke quote

I saw this quote in Charles Schwab’s “On Investing” magazine, Summer 2009 page 6.  It is attributed to Ben Bernanke:

“Over the years, the U.S. economy has shown a remarkable ability to absorb shocks of all kinds, to recover, and to continue to grow.”

I’m not trying to single out Ben Bernanke with regard to this quote, as we’ve heard this general theme, with numerous permutations,  repeated countlessly by others. 

However, I feel the concept itself is significant.  To me, it is indicative of complacency and seems to downplay the importance of decision making and analysis.  Every time I hear this concept repeated it causes me to cringe.

SPX at 937.8 as this post is written