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Things That Have Not Yet Happened

Posted on June 11, 2008

I have been staring in amusement at Bernanke's latest proclamation: Danger of downturn appears to have faded.Despite a recent spike in the nation's unemployment rate, the danger that the economy has fallen into a substantial downturn appears to have waned, Federal Reserve Chairman Ben Bernanke said Monday.The Fed's powerful doses of interest rate cuts, the government's $168 billion stimulus package, further progress in the repair of problems in financial and credit markets, a gradual ebbing of the drag from the deep housing slump and still solid demand from abroad for U.S. exports should hel...

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