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A free floating commentary on culture, politics, economics, and religion based on a passionate commitment to the truth and a desire graciously to refute that which is contrary to it….
"He must hold firm to the sure word as taught, so that he may be able to give instruction in sound doctrine and also to confute those who contradict it."
--Titus 1:9, Revised Standard Version
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Der Spiegel: An Interview with US Economic Recovery Advisory Board Chair Paul Volcker
SPIEGEL: But even though there are still more people being fired than hired, the Chairman of the Federal Reserve Ben Bernanke is saying that the recession is technically over. Do you agree with him?
Volcker: You know, people get very technical about these things. We had a quarter of increased growth but I don't think we are out of the woods.
SPIEGEL: You expect a backlash?
Volcker: The recovery is quite slow and I expect it to continue to be pretty slow and restrained for a variety of reasons and the possibility of a relapse can't be entirely discounted. I'm not predicting it but I think we have to be careful.
Read it all
Filed under: * Economics, Politics • Economy • Labor/Labor Unions/Labor Market • The Credit Freeze Crisis of Fall 2008/The Recession of 2007-- • The U.S. Government • Federal Reserve
Next entry (above): An Anglican congregation in Western New York considers the Pope's proposal
Previous entry (below): Greenville News: New bishop-elect for Upper S.C. Episcopalians
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