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Bernanke on the State of the Economy

posted by Avatar odell 1410 days ago in USD, Fundamental made popular 1408 days ago

The U.S. economy and financial system have confronted some significant challenges thus far in 2008. The contraction in housing activity that began in 2006 and the associated deterioration in mortgage markets that became evident last year have led to sizable losses at financial institutions and a sharp tightening in overall credit conditions.
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