Ben Bernanke Goes to Jackson Hole: 2007 vs 2008

I was just comparing Fed Chair Ben Bernanke’s Jackson Hole speech at the current Kansas City Fed event this year to his speech there last year. Lots of things pop out, so you should read them both, but here is a fun way of quickly comparing the two.

First up, the tag cloud — larger fonts denote words used more often — for last year’s speech.


And now, the tag cloud for the current year’s speech:


Anyone else get the feeling that Ben’s more worried about the entire financial system than about mere mortgages? Me too.

[Created via Wordle]