Fed guy, Bernanke, testified before Congress and he gave some pretty bad news. The economy in the last quarter and possibly the first 2 quarters of next year will be slow. The possibility of a small recession is darn good.
More info--retail sales for last month were slow and they are not looking for much of an increase for this month. Gold is increasing another sign, the dollar is dropping--another sign. But keep in mind that the two markets that are not used to calculate inflation are Gas and Food. The government says they are too volatile. So inflation will always look low when the two most important parts are eliminated.
I suggest that they start asking the average Joe how the economy is doing, there will be the most accurate, not some song and dance from the government that wants to look good.
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