US Federal Reserve Chairman, Bernanke, stated in testimony to Congress yesterday, “The economy has continued to expand, but at a subdued pace,” Mr. Bernanke said at another point. In one rare note of optimism, he revised upward the Fed’s growth estimate for the year and added that consumer spending had somewhat exceeded expectations. “A shinning pebble among an expanse of rocks and no one notices, or is it denial? Read the rest of this entry »

