Falling Business and household Confidence - The Glue holding the Global Economy Together
The initial sign came in May when the global purchasing managers' index for both manufacturing and services fell from the April peak as activity and new orders dropped.
Ben Bernanke " unusually uncertain"
Lord Stern, former chief economist of the World Bank and academic at the London School of Economics, says the uncertainties spoken about by Mr. Bernanke are all too real. "we do not know what may happen to consumer and investor confidence, it is absurd to pretend otherwise."