Quote:
Originally Posted by ADL Colin
Bernanke forecast a slower two quarters but also said "We think that by the spring of early next year, as these credit problems resolve and as, we hope, the housing market begins to find a bottom ... the broader resiliency of the economy, which we are seeing in other areas outside of housing, will take control and will help the economy recover to a more reasonable growth pace".
For what it is worth.
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It's called Fedspeak - the same "words" you hear from a banker who has no desire to upset the company he just loaned $100 mill to last week. It's for the ears of the shareholders to keep them from panicking and to create confidence - kinda like the Iraqi Information Minister
