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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: andiron who wrote (104354)	11/16/2009 3:07:50 PM
From: mishedlo	2 Recommendations Read Replies (1) of 116555

Bernanke's Outlook For Recovery and What It Means For Jobs globaleconomicanalysis.blogspot.com Earlier today, At the Economic Club of New York, Fed Chairman Ben Bernanke gave his Outlook for the Economy and Policy. The speech contains much self-serving claptrap about how Federal Reserve policy save the day. Nowhere has the Fed admitted its role in creating the mess. Bernanke thinks printing money and borrowing from the future via cash-for-clunkers can have lasting benefits. I think that if anything lasting comes from cash-for-clunkers, it will be net-negative. Bernanke is still extremely concerned about commercial real estate, bank lending, and jobs. On those issues he is certainly right to be concerned. Here are a few snips from the speech. ... Mish

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