Bernanke: “Recession Should End in 2009, 2010 ‘Will Be A Year Of Recovery'”

Well this is encouraging:

U.S. Federal Reserve Chairman Ben Bernanke said Tuesday that the recession should end this year and 2010 “will be a year of recovery,” if actions taken by the government lead to some stabilization in financial markets.

But that’s a mighty “if” given recent severe declines in equity markets to levels not seen in more than a decade despite repeated announcements of government bank and housing rescue plans.

Yeah, thats a really big “if”. But still, this is the first good news I’ve heard about this economy in a long long time.

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