Since January 2008 the stock market has plummeted, housing prices have tanked and unemployment has increased to 25 year highs! 44 banks have been seized by the government, $700 billion have been given to the largest banks and $800 billion has been spent on stimulus. Even the average person has been affected by the economic recession that we are currently in.
Yet I constantly have people tell me that they still don't understand whats going on, that they don't know how we got into this mess and how things got so bad! Well for those of you that fall into this category and want to know more, The Bernanke Files will be a great place for you to start! Over the next several weeks a brief yet precise analysis will be done of the recession. Then, after the analysis is completed, the analysis will be passed along to you via The Bernanke Files. As always from The Bernanke Files, all analysis will be unbias and extremely accurate.
Stay tuned for future analysis of the current recession...
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