Barrons.com’s Bob O’Brien comments on Ben Bernanke’s speech earlier this week in which he believes the recession is over, but not without qualifications.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
Faced with the choice between changing one's mind and proving that there is no need to do so, almost everyone gets busy on the proof. —John Kenneth Galbraith
Knowing that the vote over the weekend in Greece was really a referendum on Euro membership, a majority of the Greek Parliament said yes to staying. European Finance Ministers meet again on Wednesday to solidify the 2nd bailout package for Greece at the same time hopefully a deal is consummated between Greece and its creditors this week. The Greek 14.5b euro bond that matures on March 20th is up by 2 pts. The optimism that all will be completed and contained AGAIN to Greece has yields lower in Portugal, Spain and Italy. The iTraxx Financial Index is also narrower by...
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September 17th, 2009 at 1:54 pm
“Mission Accomplished!”
September 18th, 2009 at 1:44 pm
While there are positive indicators outlined by Mr. Bernake, the two measures that we should be paying the most attention to are GDP and unemployment. Until both of these show measurable progress, we are still in uncertain times.
Renee Fellman, a turnaround expert, is giving armchair economists a shot at winning $1,000 by giving your own predictions based on these two measures.
Visit her blog and enter her contest, “Are you smarter than an economist?” at:
http://theturnaroundblogger.com/index.php/are-you-smarter-than-an-economist-contest/