Filed under: Forecasts, Federal Reserve, Financial Crisis
The past week’s data-point-of-consequence for investors was delivered by none other than the head of the world’s most powerful central bank. U.S. Federal Reserve Chairman Ben Bernanke underscored the nation’s need to raise the debt ceiling.
Speaking at a National Press Club luncheon in Washington Thursday, Bernanke said delays in raising the debt ceiling limit, currently $14.3 trillion, could have “catastrophic” consequences, Reuters reported.
Continue reading Bernanke: Failure to Raise Debt Ceiling Could Be ‘Catastrophic’
Bernanke: Failure to Raise Debt Ceiling Could Be ‘Catastrophic’ originally appeared on BloggingStocks on Sun, 06 Feb 2011 10:40:00 EST. Please see our terms for use of feeds.
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A frequent question voiced in dinner party circles in this neck of the woods (the metropolitan New York City area) is, ‘Is now a good time to consider buying or investing in a home?’ 
The world of international finance is a complex web. The U.S. is still the powerhouse when it comes to gross domestic product. Yet, while perched on top of the heap, the U.S. faces major problems with high-level debt and unemployment.
The 2001 Bush income tax cut is one of those issues whose fate has been sealed by objective economic conditions. 
