Wednesday, June 8, 2011

Bernanke said the 'jobs situation remains far from normal"or i.e oops .Keynesian- ism didn't work ...

http://www.zerohedge.com/article/rosenbergs-takeaway-bernankes-speech-cause-pause




Bernanke said the 'jobs situation remains far from normal" and as such, this recovery cannot be regarded as being "truly established." That is quite an admission — free money, a tripling of the Fed's balance sheets and 10% deficit/GDP ratios have fallen short of establishing an established recovery. Cause for pause.

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