Archive for the ‘bernanke’ tag
Worst Recession in 80 Years?
According to Breitbart.com, the worst recession in 80 years, perhaps the worst economic downturn in human history, and certainly the worst recession ever, (depending on who you ask) is almost over — already.
Federal Reserve Chairman Ben Bernanke told Congress Tuesday that the economy should pull out of a recession and start growing again later this year.
But in testimony to Congress’ Joint Economic Committee, Bernanke warned that even after a recovery gets under way, economic activity is likely to be subpar. That means businesses will stay cautious about hiring, driving up the nation’s unemployment rate and causing “further sizable job losses” in the coming months, he said. Read the rest of this entry »
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