It took over 3 years since the crisis began, but Tim Geithner and Ben Bernanke are both getting a lot better at communicating ideas to the public.
An his interview with Jim Cramer on CNBC, Tim Geithner was spot on in his assessment of what was wrong with the economy right now: Ongoing deleveraging, the external shocks (Japan, oil prices, etc.) and the crisis of confidence caused by the debt ceiling fight.
Bernanke did a similarly good job at assessing the economy in his latest speech.
What’s more, both are getting better at speaking in public (in the past, both have had a reputation for being mumbly and nervous). And this makes sense: As you wrap your head around the situation the US is facing (ongoing deleveraging) you’re going to be more comfortable talking about it.
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.