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Friday, 03/23/2012 4:50:28 PM

Friday, March 23, 2012 4:50:28 PM

Post# of 19057
Crash markets, take profit ~ no one believes in market hype and bubble fraud.

Bernanke does not recognize the world is waking up from ignorance to reality.

Federal Reserve Chairman Ben S. Bernanke said the U.S. economy is operating below its level prior to the financial crisis, and that increased household spending is needed to sustain the expansion.

“Consumer spending is not recovered, it’s still quite weak relative to where it was before the crisis,” Bernanke said yesterday in the second of four lectures on the history of the Fed that he plans to deliver at George Washington University. “In terms of debt and consumption and so on we’re still way low relative to the patterns before.”

http://www.bloomberg.com/news/2012-03-23/bernanke-says-higher-consumer-spending-need-to-sustain-growth.html


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