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Bernanke Says Recession 'Very Likely Over'

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THE FAT LADY IS SINGING
"From a technical perspective, the recession is very likely over at this point," Bernanke told a conference at the Brookings Institution, MarketWatch reported. But "it's still going to feel like a very weak economy for some time." After acknowledging that economic forecasting "is not one of your most precise sciences," Bernanke said most forecasters think economic growth in 2010 will be moderate because of "ongoing headwinds," including financial and credit problems, sectoral adjustments in the economy, the desire of families to pay off debt and the need for the federal government to restrain spending.
SOURCE:   MarketWatch

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