What? That
recovery is not as robust as the
henchmen media have told us?
Federal Reserve chief Ben Bernanke characterized the pace of economic growth as “uneven and modest by historical standards” in his semi-annual speech before Congress at 10 a.m. He acknowledged some improvement in the labor market and said that headwinds like Europe and a weak housing market would fade beyond 2012. The central bank will release it's report on econoimc conditions, known as the Beige Book, at 2 p.m.
Uneven and modest? Or for the common folk, the economy has
flatlined...
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