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[Arkansas Business Daily Report] Bernanke: Economy Suffering 'Severe Contraction ...: In testimony prepared for the Senate Banking Committee, Bernanke said the economy is likely to keep shrinking in the first six months of this year. Housing, credit and financial crises - the worst since the 1930s - plunged the economy into its worst downhill slide in a quarter-century at the end of last year.

[Crain's New York Business - Breaking News Feeds] Bernanke: Economy hinges on Obama's plan - Crain's New York Business: Bernanke hoped that the current recession will end this year, but said there were significant risks to that forecast. Any economic turnaround will hinge on the success of the Fed and the Obama administration in getting credit and financial markets to operate more normally again.

[US EconoMonitor] RGE - Is Ben Bernanke behind the deflation curve?: Bernanke that no lesser an authority than Paul Volcker observed last week that output in the major industrialized countries was now declining at a pace that was reminiscent of what occurred during the 1930s. This must raise the question as to whether US monetary policy does not now need to be more forceful especially in view of both the very back-loaded nature of the new Administration's fiscal stimulus package and the fact that a weak global economy precludes the possibility of the US exporting its way out of its recession.

[ROGUEGOVERNMENT.COM] Bernanke: Economy Suffering Severe Contraction - ROGUEGOVERNMENT.COM: In testimony prepared for the Senate Banking Committee, Bernanke said the economy is likely to keep shrinking in the first six months of this year. Housing, credit and financial crises -- the worst since the 1930s -- plunged the economy into its worst downhill slide in a quarter-century at the end of last year.

[CNBC.com - Stock Market Headlines] Stocks Rise as Bernanke Begins Testimony - Market Overview * US ...: Stocks ticked higher Tuesday, bouncing off a 12-year low on Monday, as Federal Reserve Chief Ben Bernanke testified before a Senate finance panel. Bernanke said the economy is suffering through a "severe contraction" and pledged to use all available tools to lift the country out of the recession, in testimony before the Senate Banking Committee.

[Javno BiH (Hrvatski)] Rattner To Become U.S. Adviser On Autos - World - Javno: Federal Reserve Chairman Ben Bernanke nods as he listens to President of the Federal Reserve Bank of New York .Rattner will become a counselor to U.S. Treasury Secretary Timothy Geithner on a range of economic and financial issues and will lead the team advising Geithner and National Economic Council Director Larry Summers on the auto sector.

[Minyanville] Jeff Saut: A V-Shaped Recession After All? - Minyanville: I’ve consistently argued that money is the oil that makes the economic engine run - and Ben Bernanke clearly has the “pedal to the metal.” Ladies and gentlemen, there’s a time lag between the expansion of the monetary base and when that money begins to spread into the economic system.

[Signs of the Times] Signs of the Times News for Tue, 24 Feb 2009: President Barack Obama is trying to mend the breach in confidence with a stimulus plan that he says will save or create more than three million jobs, while Federal Reserve Chairman Ben S. Bernanke today said the economy is in a "severe" contraction.

[Business - cleveland.com] Consumer confidence plummets to new low in February - Business ...: NEW YORK -- Americans' already battered confidence in the economy went into free fall in February, sinking to new lows as consumers grow more fearful over massive job cuts and shrinking retirement accounts.

[Godssecret's Weblog] September 18th was the Armageddon of our economy « Godssecret’s Weblog: Here’s what > Kanjorski said: > > “I was there when the Secretary (of the Treasury Hank > Paulson) and the Chairman of the Federal Reserve (Ben > Bernanke) came those days and talked to members of Congress > about what was going on. It was about Sept.

[WSJ.com: Real Time Economics] Real Time Economics : Bernanke Weighs In on A-Rod. Almost.: After running through more than a dozen routine questions about the economy and central bank at today’s National Press Club luncheon, Federal Reserve Chairman Ben Bernanke faced perhaps the toughest audience query in the final question: After yesterday’s historic news event, do you think Alex Rodriguez still gets into the Hall of Fame?

[Daily Finance] Before the bell: Stocks may start session higher; housing plan ...: GM said it is cutting a total of 47000 jobs globally and closing five more U.S. factories. Also, Cleveland Fed President Pianalto will speak to developers at 9:00 am, Fed Chairman Ben Bernanke will speak on current economic conditions at the National Press Club in Washington at 12:30 pm, and Chicago Fed President Evans will speak on the .

[Business - cleveland.com] AIG looking at alternatives for government loan - Business ...: titles[titles.length] = "Federal Reserve Chairman Ben Bernanke says economy suffering \'severe contraction\'";cats[cats.length] = "Economy"; cats[cats.length] = "Real Time News";

[The Big Picture] Favoring Nationalization Are . . . | The Big Picture: Nationalization has been INEVITABLE ever since anyone with a brain realized the big banks are INSOLVENT, which is the message that Paulson and Bernanke brought to a shocked Congress one evening in the Fall. The intervening period has been merely a further opportunity for the bankers to divest common stock holders of their hard-earned money.

[Member Posts] Barack Obama and Joe Biden: The Change We Need | Padmini Arhant's ...: It is incumbent on the Treasury Secretary Timothy Geithner and the Federal Reserve Chairman Ben Bernanke along with Congress and the Congressional Oversight Committee to hold Wall Street accountable for the $700 billion taxpayers’ funds and demand they facilitate liquidity and honor the commitment to the taxpayers.

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