With Warren Buffett already having declared recession 2008 using common sense factors, it now seems the more theoretical economical “indicators” are such that teh US Federal Reserve starts to feel too that the wheels are squeaky.
Although based on the absence of 2 quarters of sustained negative growth still unwilling to officially declare a recession, US Federal Reserve chairman Ben Bernanke has said recession is his top worry.
[...] he sounded a notably louder warning against inflation threats. To this end, he raised his biggest public concern to date about the slide in the U.S. dollar, saying it has contributed to an “unwelcome rise” in inflation.
The Fed chief’s fresh assessment — delivered via satellite to an international monetary conference in Spain — appeared to mark a subtle shift in Bernanke’s views about economic risks.
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