When Bernanke Is Worried, Crisis Is Near
From etoro.net
By Barbara Zigah (eToro Blog) Yesterday, Fed Chairman Ben Bernanke surprised practically no one when he announced that the U.S. central bank would provide stimulus if the pace of the economic recovery warranted. Nonetheless, his voicing of what was only intimated before sent the U.S. Dollar for a nosedive. Most investors had seen the handwriting on the wall long ago; the economy is growing nowhere fast, inflation (even if transitory) continues to rise, and unemployment is stubbornly – maddeningly – high. Aren’t those the hallmarks of a notorious double dip? Then earlier today, in his testimony to the U.S. Senate’s ...
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