Post by Chris_Wendt on Jul 2, 2009 8:36:03 GMT -5
No, this is not news from Wantagh, or news specifically about Wantagh, but it is newsworthy and, unless you believe that Wantagh is so isolated from the rest of the country and the real world around us that we are immune from any Financial Crisis, you will understand why I decided to post this, here.
July 1 of all dates, the "New Beginning" for the Wantagh School District and our leadership team, and the start of the 2009-10 school year, Janet Yellen, President of the San Francisco Federal Reserve Bank makes headlines with a dire declaration that "there is no recovery"...just a slowing of the economic decline which started last year.
It looks like, best case scenario, the economy will flatten-out and hit bottom late in this year or early next year, followed by a very long, shallow recovery cycle.
Janet Yellen is reputedly in contention to replace Ben Bernanke as Chairman of the Federal Reserve when his current term expires. She is not a putz, like Bernanke. Apparently, she is not shy about 'telling it like it is".
(I'll bet she has paid all of her taxes over the years, too!)
For information and conversation,
Chris Wendt
July 1 of all dates, the "New Beginning" for the Wantagh School District and our leadership team, and the start of the 2009-10 school year, Janet Yellen, President of the San Francisco Federal Reserve Bank makes headlines with a dire declaration that "there is no recovery"...just a slowing of the economic decline which started last year.
It looks like, best case scenario, the economy will flatten-out and hit bottom late in this year or early next year, followed by a very long, shallow recovery cycle.
Janet Yellen is reputedly in contention to replace Ben Bernanke as Chairman of the Federal Reserve when his current term expires. She is not a putz, like Bernanke. Apparently, she is not shy about 'telling it like it is".
(I'll bet she has paid all of her taxes over the years, too!)
For information and conversation,
Chris Wendt