Fed Focusing on Jobs, Low Inflation Ahead

Reported By Bloomberg.com! Federal Reserve Chairman Ben S. Bernanke said the central bank is concentrating intently on reducing unemployment and projects inflation to stay under control for the foreseeable future.

For a lot of people, I know, it does not feel like the recession ever ended, even with the economy growing for two years, Bernanke said today in prepared remarks for a town hall- style meeting with soldiers at Fort Bliss in El Paso, Texas.

Double Dipping Isn’t Cool At Parties or With the Economy

The show Seinfeld puts it best when explain double dipping: “It’s like putting your whole mouth right in the dip. Look, from now on when you take a chip, just take one dip and end it.” But this article isn’t about the socially-peculiar moments when you catch some double dipping at a party, rather it’s about the near future of our economy. Probabilities for a “double dip” in the market have definitely lowered over the past year or so, but we are not clear by a long shot. The status today stands much like the Leaning Tower of Pisa.

Pop Tarts and Cavemen

Recently there have been many discussions that our society, or more broadly put, our lifestyle as a whole is rapidly approaching the end of a plateau. These discussions have developed because of the notable offset of events such as the recent recession, Middle Eastern unrest, and foreign civil rights. To a certain extent, most can agree that the 21st century has started off rough, but at the same time most do not agree that the plateau is near, or whether it even exists. Suggestions have risen that our society and style of life needs to be sent back to the days of simplicity, and some even advise prehistoric lifestyles. But too many economists and philosophers say there are no facts that suggest the human race is willing or able to take steps back in time just live a simpler, slower life.