Understatement of the Day

Bernanke Warns of Possible Recession...

Um. No shit, Sherlock...

Under one rule of thumb, six straight months of a shrinking economy would constitute a recession, but Bernanke wasn't getting into that. "A recession is a technical term," he said. "I'm not yet ready to say whether or not the U.S. economy will face such a situation."

Um. When ARE you going to be ready? When it's a full-blown DEPRESSION, which some of your employees already say it is?