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| Bernanke sees U.S. recovery beginning in 2010 |
| 2009-03-16 |
| Federal Reserve Chairman Ben Bernanke suggested in a taped interview on Sunday that the U.S. recession could last most of the year and said the biggest risk was that the political will needed to fix the fractured financial system could be lacking. |
| Posted by:Fred |
| #8 ION TOPIX > MIT: AS PLANET WARMS, POOR NATIONS FACE ECONOMIC CHILL; + GLOBAL WARMING MAY WIDEN GAP BETWEEN RICH AND POOR. |
| Posted by: JosephMendiola 2009-03-16 22:46 |
| #7 On 28 March 2007 Bernanke testified before Congress, "At this juncture, however, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained" Why should we believe him now? |
| Posted by: Anguper Hupomosing9418 2009-03-16 21:08 |
| #6 WAFF > GLOBALRESEARCH - SPP: UPDATING THE MILITARIZATION AND ANNEXATION OF NORTH AMERICA; + NORTH AMERICAN UNION. |
| Posted by: JosephMendiola 2009-03-16 18:58 |
| #5 Until the debt is written off and the malinvestments folded or paid off then the debt servicing will continue to kill the economy. |
| Posted by: Bright Pebbles the flatulent 2009-03-16 16:48 |
| #4 Tomorrow a week ago. |
| Posted by: Shipman 2009-03-16 14:25 |
| #3 He is more than likely working on the basis that the faster things hit the bottom, the faster they will turn up. It doesn't matter if the upturn is minimal growth, it will still signal that a recession has ended even though unemployment will persist and even though it is an L shaped bottom. Its just statistical noise. It will be prolonged the longer that the administration keeps postponing taking remedial steps which should be taking rather than political steps. Rick Mishkin has some good points on it on CNBC this morning. You can get excerpts on the video replays on CNBC in the Sqwark Box segment. |
| Posted by: Omoter Speaking for Boskone7794 2009-03-16 10:34 |
| #2 Maybe he think's Pelosi will be voted out in 2010, along with lots of her fellow-travelers? (One can dream!) |
| Posted by: Glenmore 2009-03-16 09:28 |
| #1 Why? The recession wont recede until something changes. So, what's going to change to make a difference? Preiction without explaining why is empty blather. Sounds to me like Ben is just talking through his hat. The recession may end by 2010, but this guy doesn't sound like he has a clue as to how that would come about. Historically, the stock market has been the better forcaster and it isn't optimistic. |
| Posted by: Richard of Oregon 2009-03-16 08:10 |