Is the great American dream over?

Is the housing market on the verge of collapse?

These very questions are now being echoed around the nation by financial experts, authorities in Government and the common person alike.

U.S. Federal Reserve Chairman Ben Bernanke recently attended an annual conference of global central bankers in Wyoming. At this meeting of financial minds, he stated that the U.S. economy is not recovering as quickly as it had been expected to.

The Government originally predicted that for the months covering April to June the economy would grow by around 2.4 percent. In reality it only managed a meager 1.6 percent which was slightly better than the dire predictions of some financial economists.

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