Posted on 04/14/2009 9:25:58 AM PDT by LottieDah
WASHINGTON – Federal Reserve Chairman Ben Bernanke said Tuesday there's been "tentative signs" that the recession may be easing. But he also warned that any hope for a lasting recovery hinges on the government's success in stabilizing shaky financial markets and getting credit to flow more freely again.
Specifically, the Fed chief mentioned improvements in recent data on home and auto sales, home building and consumer spending as flickering signs of encouragement.
"Recently we have seen tentative signs that the sharp decline in economic activity may be slowing," Bernanke said in remarks prepared for students and faculty at Morehouse College in Atlanta.
(Excerpt) Read more at news.yahoo.com ...
and Ben’s been right so many times in the recent past...
s-a-r-c
“Tentative indeed. Apparently he is too busy to watch unemployment figures and waht the market is doing.
And those signs of life will be clubbed to death by the soon to be ballooning debt.
Well that’s encouraging, kinda like saying we are not falling down Everest, rather Mt. Vesuvius. Always encouraging to hear that.
What a wanker! I guess it goes back to the old adage “if you have nothing nice to say, don’t say anything at all.” By the way, has he mentioned when the rescission will be over?
Does ANYBODY believe this liar anymore?
This convoluted idea that the recession was caused by a credit crunch is nuts. Thus the idea that it will recover if money if forced through the system is nuts.
Exactly which company has been in the situation of having plenty of orders to fill, but having to lay off workers because they have a cash flow problem that they can’t finance?
The cart cannot push the horse for long before there is a nasty wreck.
“Glimmers of hope”, Mr. Bernanke...lol...
Prosperity is just around the corner!
He is such a liar that nobody listens to him anymore.
Recently we have seen tentative signs that the sharp decline in economic activity may be slowing,.....
Obama to Bernanke.....go out there and say anything!
And the resulting confiscatory taxation on the federal, state and local levels.
Green shoots? LOL
Bush’s fault. Taking the glory from Obama.
Ben Ben Ben...you’re not supposed to drink the bong water.
I assume these are the same tentative signs Bernanke saw 6 months ago, and a year ago.
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