http://online.wsj.com/article/SB124223735808916011.html
Can we quit sidestepping? Of course there will be a recovery, thanks for the insight! Key points to take away:
1) Unemployment will continue to rise, even though the economy is gaining steam. This leads me to believe that perhaps having some incompetent people out of the workforce is a good thing. Is 10% really that bad?
2) Fed Funds rate - when will it hit Zero? I say soon........encourage the flow and stability of currency.
Just take note of who is to be rewarded (hint his name is not Obama):
The role of the Fed in stabilizing the market has boosted the outlook for Chairman Ben Bernanke. On average, the economists say there is a 72% chance that Mr. Obama will reappoint the Fed chairman in 2010. "If there's a hero to this piece, it's Ben Bernanke,"
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