Folks at the World Bank are starting to sweat about a double-dip:
That means you need to worry too. Ben Bernanke knows how bad things are in Europe; he should understandably be concerned about how the destruction of Europe's common currency would evaporate all those euros the Fed has taken into its electronic vaults in swaps for dollars.
The World Bank and Ben Bernanke are on the same sheet of music. They just won't tell you how bad things are really going to get.
The world recovery continues to tread cautiously forward, but Europe's debt crisis could trigger a "double-dip" global recession if markets lose confidence in governments' willingness to pay off their debt, the World Bank warned in its latest Global Economic Prospects 2010 report released Wednesday.
That means you need to worry too. Ben Bernanke knows how bad things are in Europe; he should understandably be concerned about how the destruction of Europe's common currency would evaporate all those euros the Fed has taken into its electronic vaults in swaps for dollars.
The World Bank and Ben Bernanke are on the same sheet of music. They just won't tell you how bad things are really going to get.
