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Technology Stocks : Semi Equipment Analysis

SOXX 314.52

-0.6%

Dec 11 4:00 PM EST

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To: FJB who wrote (50574)	1/7/2011 11:44:28 AM
From: FJB	Read Replies (1) of 95567

Bernanke: Recovery on Track But Not Enough to Create Jobs Published: Friday, 7 Jan 2011 \| 10:32 AM ET Excerpts: "We have seen increased evidence that a self-sustaining recovery in consumer and business spending may be taking hold," the central bank chief said in his first testimony to Congress since the Fed launched a controversial plan to buy an additional $600 billion in government bonds. His remarks were made public just an hour after the Labor Department reported the economy generated a disappointing 103,000 additional jobs in December. ... "Persistently high unemployment, by damping household income and confidence, could threaten the strength and sustainability of the recovery," Bernanke said. "Very low inflation increases the risk that new adverse shocks could push the economy into deflation. Deflation induced by economic slack can lead to extended periods of poor economic performance." cnbc.com

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