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Fed chairman pessimistic

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TOT | 1:25 a.m. Feb. 15, 2008
They are pouring money into the system to keep the debt bubble from deflating. They are trying to get as much liquidity into the economy any way they can. They are probably even buying stock index futures to stave off a severe market crash. It's like taking a ballon with a hole in it and hooking it up to a high powered air compressor.

The ballon will blow up eventually and it won't be pretty.

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Dennis Cook, Associated Press

Both Federal Reserve Chairman Ben Bernanke, center, and Treasury Secretary Henry Paulson, left, told Congress Thursday that a full-blown recession is avoidable.

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