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  • jshaef1 jshaef1 Oct 15, 2012 12:43 PM Flag

    The Swami

    Ben sez:

    (March 28, 2007) "At this juncture, however, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained. In particular, mortgages to prime borrowers and fixed-rate mortgages to all classes of borrowers continue to perform well, with low rates of delinquency."

    (January 10, 2008) "The Federal Reserve is not currently forecasting a recession."

    (June 10, 2008) "The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so."

    (October 13, 2012) "An easing in financial conditions and greater public confidence should help promote more rapid economic growth and faster job gains over coming quarters.."

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