The same day that The Independent (UK) pretty much claimed that our economy was heading for another Great Depression, stocks rallied significantly and the dollar rose.
In an election year you can expect plenty of doom and gloom rhetoric about the economy from the Democrats, who have a political interest in the economy doing poorly. But I heard a few forecasts on the radio which said the economic slowdown may be very short-lived. Still, it’s time for Congress to do its part to keep the economy strong by making the Bush tax cuts permanent.
UPDATE: Bernanke: Economy NOT in a recession.
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