Thursday, November 08, 2007

Bernanke is speaking to Congress...

Bernanke states that the FED is anticipating moderate but positive economic growth for the following quarters...

Seems to be a fairly positive assessment of the economy. Hoping to see a bottoming out of the housing market by spring 2008

Concerns are being expressed for home owners, and desire for agencies to help homeowners keep their homes

"Market outside of housing has been remarkedly resilient."

See my review of the FOMC statement here


"For the first the trade sector has been positive to U.S economic growth."
This statement was made in reference to higher U.S. exports (driven by USD weakness). See the post,
Just One Reason Why The Economy Will Remain Strong

No comments:

AddThis Social Bookmark Button