This is a question that is gaining a voice, but few actually defer this cost.
The main event yesterday was not the Game 7 OT thriller in the NHL or the Orioles second straight victory over the Red Sox, but the FOMC annoucement and press conference. Well sort of.
On the heels of my entry on Chairman Bernanke stating in June of 2008 that the subprime crisis was contained and will not bleed into the ‘real’ economy, I have another beauty.
Ben Bernanke will do something for the first time in the history of the Federal Reserve.
According to the latest IMF official forecasts, China’s economy will surpass that of America in real terms in 2016 — just five years from now.