More Bernanke: He doesn't give in to the growing body believing structural factors are behind...

|By:, SA News Editor

More Bernanke: He doesn't give in to the growing body believing structural factors are behind the unsatisfactory recovery. He continues to see stresses in credit and financial markets (someone tell that to corporate treasurers issuing billions at barely visible rates, or France selling paper at negative rates). He also notes spending constraints at the municipal level, and the "fiscal cliff" at the national.