Tuesday, May 5, 2009

Federal Reserve says economy should grow again later in 2009

Bearded Federal Reserve Chairman Ben Bernanke is predicting economic recovery by the end of the year

Yippee! Right? Er, sort of. Even if we move into quote-unquote recovery mode, unemployment and job losses are expected to continue rising.

So, what I read into this is, the economy will "recover" because businesses will have healthier bottom lines after cutting workers. Good for them.

Certainly doesn't sound like our troubles are over, Dude.

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