January 18, 2008

Breaking news

I received this in my email yesterday:




"Breaking News from ABCNEWS.com: FEDERAL RESERVE CHAIRMAN BEN BERNANKE INSISTS U.S. IS NOT HEADED FOR A RECESSION, BUT FORECASTS SLOWER GROWTH IN 2008"



So the breaking news here would be what? That Bernake can lie with a straight face? That our Federal Reserve Chairman cannot recognize a recession? That the White House is now defining high inflation, high unemployment, an increased cost of living that is not reflected in wages and a staggering number of defaulted loans as "slower growth"?




















book: To Tempt a Rogue by Connie Mason. Little trash on the prairie.

1 comment:

Sunshine said...

Oh excellent analysis!!