Bernanke said on Tuesday that the Congress must act urgently to stabilize the credit crisis |
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Good morning from wonderful Hamburg. The chief of the Fed, Ben Bernanke, expects a recession, if the MPs don’t agree to the $700 billion rescue plan for financial institutions. Bernanke said on Tuesday that the Congress must act urgently to stabilize the credit crisis. Otherweise it will have very serious consequences to the financial market and for the economy. Market review On Tuesday the USD rose aginst the EUR after a deep fall in previous sessions. Lower oil prices and views that the
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