Monday, August 29, 2011

Fed Chairman Rethinks Our Understanding of the Recession and Recovery

link here to article

Bernanke's last speech was criticized by many as a weak response to our current problems. He did, however, acknowledge that the recession was deeper than we had thought and that the recovery was weaker than we first believed. Krugman provides a graph which depicts the depth of the recession and the anemic "recovery".

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