Ben Bernanke, chairman of the Federal Reserve Board, spoke in favor of the Fed’s determination not to raise US interest rates during a yearly meeting of the Kansas City Federal Reserve Bank earlier today.

The economic troubles that have been plaguing the US since 2007 haven’t ended yet, claimed Bernanke. Thus, the Federal Reserve Bank is unlikely to wish the US prime rate to rise above 2% during the next few months.

Miami is known for palm trees, beaches, and luxuries but as the economy continues to worsen a large part of the Miami lifestyle is beginning to suffer.

Miami is just one city throughout the United States that is seeing the devastating effects of a housing and job market reaching all time lows. As a city known for its prime real estate the housing market here has definitely slowed due in large part to the Sub Prime Mortgage crisis which has put the entire economy in a tail spin.