"Nascent" Recovery or "Nascent" Economic Collapse?
February 26th, 2010
Fed Chairman Ben Bernanke is one of the best contrarian indicators one could possibly find. Yesterday, Bernanke told the House Financial Services Committee that the U.S. economy is in a “nascent” recovery.
Given his historical track record of complete failure on matters like housing, the recession, and jobs, his yapping about the “nascent” recovery suggests the very best we can expect is for the recovery to stall, and more likely enter a double dip recession if not completely collapse.
Related posts:
- Economic Recovery: The Unresolved Mysteries
- Twelve Reasons For A Job Loss Recovery
- Bernanke Sees Chance of Jobless Recovery
- Concerns Over Fiscal Sustainability Threaten Economic Recovery, Suggest More Market Turbulence
- Lining up at Midnight at Wal-Mart to buy Food is part of the new Recovery. Banks offering Mattress Interest Rates. The Invisible Recovery Outside of Wall Street.
Posted in Implode