Jul 15 - Federal Reserve Chairman Ben Bernanke said the U.S. economy is facing "significant downside risks", which was not received well on Wall Street. The Dow dropped 92 points to 10,962. The S&P 500 lost 13 points to 1,214. The Nasdaq rallied 2 points to 2,215.
Crude oil had its biggest one-day dollar drop in 17 years.
Conway Gittens reports.
The economy and government are collapsing. Maybe. Doesn't have to be that way.
It's not just a "recession" we are dealing with. If the US government cannot keep up with the INTERNET and the GLOBAL ECONOMY, then it will fail soon.
tbrown55 3 years ago
Who put this guy in charge of the FED? He's a weasel who keeps doing the wrong thing. I don't think he's making the decisions though.
Let's see. Inflation is increasing so he LOWERS interest rates. That's is the opposite of what should be done.
tcampbellla 3 years ago