Bernanke says ‘not obvious' economy can handle interest rates at 1%

http://www.marketwatch.com/story/bernanke-says-not-obvious-economy-can-handle-interest-rates-at-1-2015-10-05

Former Fed Chairman Ben Bernanke said Monday that he was not sure the economy could handle four quarter-point rate hikes... That argument assumes the Fed can raise rates 100 basis points and it wouldn't hurt anything, Bernanke said. "That is not obvious, I don't think everybody would agree to that," he added in an interview with CNBC... Bernanke said that the current zero level of interest rate is not an "emergency rate."''


Interesting combination of statements; we're not at an "emergency" rate, but the economy might not even be able to handle a hike to 1%? Hmm....Tell us then Ben the great WHERE IS THE $16 TRILLION?