Sunday, February 10, 2008

The drumbeat of Weak Economic Numbers

Ugly retail sales on tap, and more from Bernanke


WASHINGTON (MarketWatch) -- The drumbeat of weak economic numbers will likely continue this coming week, topped by awful retail sales figures and depressed consumer sentiment readings.

As if that weren't enough, Federal Reserve Chairman Ben Bernanke will trudge to Capitol Hill again, along with the rest of the President's Working Group on Financial Markets (a.k.a. The PPT), to explain to senators just why the financial markets aren't working.

Risks abound in both the numbers and in the testimony.



FMM Comment: I'm looking forward to Ron Paul boxing Ben's ears again. Is Ben dragging the PPT along as bodyguards?

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