"My best guess is we will have a continued recovery, but it won't feel terrific," Bernanke said."
"Asked when the Fed will start raising interest rates, Bernanke quipped "in the future.""
If a recovery doesn't make people feel good, is it still a recovery?
-KD
2 comments:
KD: I believe Peggy Lee said it best: Is this all there is?
I wonder if BB is trying to hold a middle ground, conceding that the Euros, Brits, etc. have commenced beggaring us, their noble neighbors to the west.
Sev.
I see where helicopter Ben has been doing what Fed chairmen do best - goosing the stock market. Alas, that sort of stimulus wears off eventually - like a drug, the host (the market) will develop a resistance.
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