Unusual Uncertainty

     On Wednesday 7/21/2010 Fed. Chairman Ben Bernanke in testimony before Congress informed the country that the months ahead had "Economic outcomes were unusually uncertain".
     As I considered what that statement meant, the word uncertainty seemed to mean that there were a number possible events in the future that would affect the economic outlook for the U.S. economy.
     These events not only fit his definition of normality but actually exceeded his expectations.
     He didn't really elaborate on all the additional possibilities but I suspect that the unemployment numbers, Congressional action or inaction, Administration activities, actions of the electorate in November and European economic conditions were but a few of  these uncertainties he may have in mind.
     Like the utility infielder in baseball, I suspect we will have to field the situation from wherever we are as the situation comes to us.