Friday, April 04, 2008

Recession not depression




Apr. 2 - Fed Chairman Ben Bernanke said he sees a possible slowdown in the first half of year -- but no signs of a replay of the Great Depression. While the economy may be in fragile shape and financial markets under stress, Federal Reserve Board Chairman Ben Bernanke, a Great Depression Scholar told a congressional panel history is not repeating itself.
Deborah Lutterbeck reports.