AirTalk for August 27, 2010

Economy continues to sputter

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Alex Wong/Getty Images

Federal Reserve Board Chairman Ben Bernanke testifies during a hearing before the House Financial Services Committee July 22, 2010 on Capitol Hill in Washington, DC.

Federal Reserve Chairman Ben Bernanke said today that he’s prepared to take additional measures to keep the economic recovery moving forward. The Dow fell nearly 75 points Thursday to close below 10,000 for the first time since early July. Other economic indicators were mixed - jobless claims are down, but the jobless rate is still almost 10 percent. Fewer mortgages are in foreclosure, but the number of newly distressed mortgages is up. Goldman Sachs recently increased its odds of a “double-dip” recession to 25 percent. What do you think is preventing the economy from righting itself? Are officials doing too much or not enough?

Guest:

Jim McTague, Washington Editor for Barron’s


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