AS FED CHAIRMAN BERNANKE ENTERS SECOND TERM, WE STILL FACE MANY RISKS
As summer 2009 winds to an end, a tentative stability has returned to our capital markets as evidenced by lower levels of stock market volatility and relatively calm short-term and long-term debt markets – at least in the lower-risk categories.
Fed Chairman Bernanke, who has been tapped for another term by President Obama, is now being credited for avoiding Depression 2.0. This is in stark contrast to the uncertainty and near panic we experienced in January. Yet, despite the much improved state of our markets and general economy, we are not out of the woods yet and the path to the future has some large risks.
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