Salutations,
Unless you've been living in a cave somewhere, you can't help but hear about
the present climate of economic uncertainty and unrest that currently
exists.
Bernanke's testimony to Joint Economic Committee - April 2, 2008
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke testified to
the congressional Joint Economic Committee on Wednesday on the economic
outlook.
http://www.reuters.com/article/topNews/idUSN3140799720080402
It's been about 7 years since we have seen something like this occur and
with it comes (the usual doom and gloom) predicable reports of corporate
downsizing, freezes on income, and the rise of inflation, etc. What's
different this time around is that we have unprecedented events occurring in
the Real Estate and Financial markets. How far down all this will drive the
economy nobody really knows for sure.