Posted AT 9:23 PM EST on 01/12/08
Even Bernanke can't say what's next
WASHINGTON — The bad news is that the United States has already been in recession for nearly a year.
Worse still, the bottom isn't yet in sight, prompting another massive selloff Monday on Wall Street.
The rout came amid fresh evidence that factory activity is in retreat, and a grim acknowledgment from Federal Reserve Board chief Ben Bernanke that even he doesn't know how long this will last.
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