Fed expects weaker recovery, page 1

posted on Jul, 14 2010 @ 03:24 PM

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money.cnn.com...

NEW YORK (CNNMoney.com) -- The Federal Reserve has become more pessimistic about the economy.

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surprise,surprise,

The Fed's latest forecast, included in the minutes of the central bank's June 23 meeting released Wednesday, is the latest sign of growing concern that the recovery is losing steam.

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Losing steam? Our debt is higher than ever! I don't know if we'll ever (although I certainly hope we do)fully recover from our economic slump, I think China's slowly taking our place as the most influential country in the world. your thoughts?

PS: keep this in mind, when you consider how long it will take to make a full recovery www.usdebtclock.org...

XxRagingxPandaxX

[edit on 14-7-2010 by XxRagingxPandaxX]

zroth

posted on Jul, 14 2010 @ 03:31 PM

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This alleged "recovery" is watching a pot, that will never boil, because their is neither water in it nor flame on it.

The Fed needs a double bird and good old fashion running out of town.

Peace

ZuluChaka

posted on Jul, 14 2010 @ 03:55 PM

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reply to post by XxRagingxPandaxX

I just find it kind of humorous that it took them this long to figure that out. Anybody with a first grade education and a pair of functioning eyeballs could see that this economy is not improving, at best it is stagnant and at worst it is dying a slow and painful death.