Bernanke still uncertain as to economy.... US will not be the first wagon of economic recovery

Breaking news: Bernanke remains quite careful when talking about the US economy, de US Treasuries immediately slide en we'll have to see what equities will do and the dollar. I think it will be a hot summer, certainly now that the Obama legal package will ensure some further regulation for the banking sector (which cannot lend as much due to necessary buffers, leading to lower economic growth). The only upshot of his talk was that Bernanke found the risks in the banking system to be not as large as they used to be.

Meanwhile, the Dutch political parties are hesitating and discussing the best way to act after the elections. I may hope that with former Prime Minister Lubbers, things will start rolling, because the economic developments aren't waiting for us until we are done determining our new coalition here.