The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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From: James Hutton	6/9/2008 8:35:44 PM
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"AP Bernanke: Danger of downturn appears to have faded Monday June 9, 8:27 pm ET By Jeannine Aversa, AP Economics Writer Bernanke: Danger of 'substantial downturn' has faded despite big jump in jobless rate WASHINGTON (AP) -- Despite a recent spike in the nation's unemployment rate, the danger that the economy has fallen into a "substantial downturn" appears to have waned, Federal Reserve Chairman Ben Bernanke said Monday." He must be desperate to justify a last-ditch effort to save the dollar and raise interest rates.

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