"Federal Reserve policymakers agreed last month that the economy appears to be worsening but offered no hint of when the central bank might take further action." WOW, Obama proves his incompetence to effect a recovery once again! OUT WITH HIM
If the FED admits it then it is worse than we can imagine. Cities going bankrupt, unfunded pensions of 2 trillion dollars and a deb/GDP ratio of 104 percent. They will print money again soon as the market gets creamed. Obama knew we were close to the brink and he has now pushed us over the edge. Our Wiley Cayote moment has arrived. We are over the cliff but just don't realize it yet.