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Bernanke endorses fiscal stimulus

Economy faces risk of 'protracted slowdown,' Fed chairman says.

Another shot of fiscal stimulus may be needed now to help the U.S. economy recover from what could be a drawn-out slowdown, Federal Reserve Chairman Ben Bernanke said Monday. "With the economy likely to be weak for several quarters and with some risk of a protracted slowdown, consideration of a fiscal package by the Congress at this juncture seems appropriate," he told legislators on the House Budget Committee.

The Bush administration is "open to ideas ... that would stimulate the economy and help us pull out of this downturn faster," said White House spokeswoman Dana Perino. The test for any idea put forth would be "if it actually would stimulate the economy," she said.

Investors fleeing market, their return uncertain

Amid huge fund redemptions, signs of a long-term move to sidelines.

John Zokowski was planning to retire this year. That is, until the market downturn wiped 40% from his stock holdings, forcing him to contemplate work for at least another year.

Zokowski, a Hatfield, Mass.-based specialty paper salesman, has drawn a lesson from the turmoil: It's time to get out of the market.

"I am so buried right now with the lower prices compared to what I paid," he said.

 "But if I can get what I think is a reasonable amount, I'm going to sell out."

'Many investors who get out now will stay out until they've seen the market recover -- which will be too late to get back in.'

Comments

  1. Please email admin@itrade-uk.com for more details on our 6 week course. thank you

  2. Hi,

    How much is the 6 week Course?

    Thanks

  3. Are you really going to give away a free manual?

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  15. Do you have any free seminars in 2008 with the free manual?

  16. The 30 page manual contents chart patterns, technical indicators, fundamental analysis methods, and a lot more!

  17. What is in the 30 page manule?

  18. If you do not make twice the course fee within the first 12 months, we will give you your money back. please email admin@itrade-uk.com for more info. thanks

  19. Do you have a guarantee available?

  20. is the traders manual really going to be given free?

  21. do you teach any chart patterns on your free course?

  22. can i book more than four tickets?

  23. What happening with Financial stocks? when will they stop falling? who else is likely to go bankrupt or nationalised?

  24. Hi, can you tell me a bit more about the six week course? please email me. thanks

  25. I believe site is still under construction

  26. When will you put details of your 2 day and 6 week course on the site, & why do you not have a company reg No. or VAT No.

  27. Have you got any seminar dates in November?

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