AP: Bernanke says recession 'very likely over'
In my oppinion, this is the Fed scrambling to improve their public image and take the heat of HR1207 off. Also I found it interesting that Ben cites confidence in the coming "comprehensive reform" which is no doubt a reference to an expansion of his powers under Obama's proposal.
WASHINGTON – Federal Reserve Chairman Ben Bernanke said Tuesday the worst recession since the 1930s is probably over, although he cautioned that pain — especially for the nearly 15 million unemployed Americans — will persist.
Bernanke said the economy likely is growing now, but he warned that won't be sufficient to prevent the unemployment rate, now at a 26-year high of 9.7 percent, from rising.
"From a technical perspective, the recession is very likely over at this point," Bernanke said in responding to questions at the Brookings Institution. "It's still going to feel like a very weak economy for some time because many people will still find that their job security and their employment status is not what they wish it was."
The recession, which started in December 2007, has claimed a net total of 6.9 million jobs.
Read full story on Yahoo News here: http://tinyurl.com/pppsw8
LOLLLLLLLLLLLLLLLLL
we must be nearing the crash.
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http://www.RebootTheRepublic.com
Paraphrasing Jim Rogers, we're supposed to believe the
advice and predictions of a man who has never gotten it right?
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"An economy built on fiat money is a society on its way to ashes."
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"An economy built on fiat money is a society on its way to ashes."
So, is he officially announcing the depression?
"What was taken from the boomers, it ain't there, what was taken from the X'ers it ain't there, what is being taken from their great, great, great squared grandchildren it ain't there. Some generation just has to have the guts to quit passing it on." Me
*May the only ones to touch your junk, be the ones you want to touch your junk.*
If the elites want it to be over, it is over
They have orchestrated it, manipulated, fed it and they can end it.
Time for this
Crook to GO TO HELL
good time to
sell my house. keep up the illusion for a few more months please until I close the deal.
xxxxxxxxxxxxxxxxxxxxxx
woo hoo!
BHAAAA!
here we go:
Even if the economy logs "moderate" growth in 2010, unemployment is likely to stay elevated, Bernanke suggested.
"Unfortunately, unemployment will be slow to come down. It will come down but it may take some time," he said. "Obviously, that's a very serious concern."
"Still, Bernanke's declaration that the recession likely ended marked his most optimistic assessment yet of the economy."
as if he's somehow still credible; take any bad news he speaks about and triple it
"The Myth of an Independent Federal Reserve"
"The War Prayer - Mark Twain"
Bernanke says what about the value of the dollar?
The silence is deafening.
Wrong!
The red ink is still there...all Ben has done is kick the can down the road....The crisis has not even occurred. Tidal wave coming.....Bernanke going.....Shalom Ben....
Reply...
DP: Majority says Bernanke "Very Likely Full Of Crap".
~Live life to its fullest, with an open heart, open arms and most important... an open mind~
Likely?
I think it is a given, in fact I'm surprised we can't track his whereabouts from the trail of crap that escapes from him non-stop. _____________________________
*What you don't know CAN hurt you.*
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Defend Liberty, for Liberty
Vote for President Ron Paul 2012
http://ksa4liberty.com