TIMESONLINE: Is Ben Bernanke in a state of denial? Despite the almost daily deluge of bleak US economic news, the Fed Chairman insisted yesterday that he was still "not ready to say" that the world’s biggest economy faces recession.
He should get ready to say it. Mr Bernanke’s reluctance to use the "R" word may be understandable, given his need to offer reassurance to markets and consumers, yet almost every serious commentator now accepts that recession is already a reality for America, the only question being how deep and prolonged the condition will prove. Commentary: Bernanke Should Use the ‘R’ Word >>> By Gary Duncan
DAILY MAIL:
Three Million Families ‘Will Be Plunged into Negative Equity within a Year’ By Becky Barrow
Mark Alexander
