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Documents show how Fed missed the housing bust

By The Associated Press
Published: January 17,2012

WASHINGTON — Ben Bernanke presided over his first meeting as Federal Reserve chairman in March 2006 believing the nation’s economy could pull off a “soft landing” from falling home prices. Three months later, Bernanke had begun to grasp that he and others had underestimated the risk housing posed to the economy. Newly released transcripts of [...]


Don’t let a second recession catch you off guard

By Bryan Philpott and Todd Witt, guest columnists
Published: October 12,2010

So when will the economy get the news? It was reported late September that the “Great Recession” has ended. At least that’s what the National Bureau of Economic Research, a private, nonprofit, nonpartisan research organization had to say. The organization ruled that June 2009 was the official end to the recession that started 18 months prior [...]