16.3.09

Wouldn't That Be Great?

The New York Times
March 16, 2009

“We’ll see the recession coming to an end probably this year.”
With those words, Federal Reserve Chairman Ben S. Bernanke staked a marker on what he believes will be the end of the malaise that has descended upon the United States economy. And, he said on a “60 Minutes” interview that ran Sunday evening, the country will begin to recover next year - “and it will pick up steam over time.”
Not that the economy will spring back to the pre-recession days of two years ago. But Mr. Bernanke said - in a rare interview - that the economy’s problems should begin to stabilize this year. That recovery, however, is dependent on having the backing of lawmakers and the public.
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Photo location: Tum Thong beach, Prachuab Khirikan province.

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