Fed Chief Proves Prescience

Thanks, Ben! Yep, Ben Bernanke listened to the domestic companies. He heard what they have been saying since interest rates spiked. He recognized that the psyche had changed in housing. He recognized that materials and real estate investment trusts (REITs) and utility stocks have been crushed. He truly has the current pulse of what's happening at companies such as Wal-Mart (WMT) or Target (TGT) -- as well as in housing and in the actual hiring that hasn't happened yet.

Plus, the chief is prescient as always. He knows what's about to happen in Washington. He saw the impact of the 2011 debt downgrade -- the 2012 fiscal cliff -- and he doesn't want to be the one who sends us back into a recession....117 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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