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Steven2006 · Feb 24, 2009

This is a perfect example why we should try and read our news from a wide variety of sources before forming an opinion.

They obviously each put their own spin on what was said. :tonofbricks:

Bernanke: Recession may end in '09; Stocks climb
By TIM PARADIS, AP Business Writer Tim Paradis, Ap Business

AP – Federal Reserve Board Chairman Ben Bernanke testifies on Capitol Hill in Washington, Tuesday, Feb. 24, … NEW YORK – Federal Reserve Chairman Ben Bernanke has reassured Wall Street by telling Congress the recession might end this year.

In his semiannual report to the Senate Banking Committee, Bernanke predicted the economy is likely to keep contracting in the first six months of 2009. But he also said "there is a reasonable prospect" the recession will end this year. He warned that a recovery will require getting credit and financial markets to operate normally.
http://news.yahoo.com/s/ap/20090224/ap_on_bi_st_ma_re/wall_street;_ylt=Auu7EKOcn5j68CFRrKPDL16yBhIF
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Bernanke fears recession could extend to 2010
Tue Feb 24, 2009 3:04pm EST By Mark Felsenthal and Alister Bull

WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke warned on Tuesday the "severe" U.S. recession may drag into 2010 unless the government succeeds in stabilizing the banking system and financial markets with strong action.

Delivering a somber assessment to lawmakers, Bernanke said the fast-shrinking economy risked entering a mutually reinforcing cycle of weak growth and financial market strain.

http://www.reuters.com/article/ousiv/idUSTRE51L1SS20090224
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Magnetic Poles · Feb 24, 2009

Exactly! Just watching Fox or MSNBC ain't gonna give you a balance.

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Steven2006 New Member

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