EconWatch.com > Power Line - Cautious optimism on the economy
[Power Line] Bernanke's cautious optimism seems to correspond, to at least a limited extent, with the view of Wall Street, where markets have rallied significantly (today, though, they were essentially unchanged). How Main Street sees things is anyone's guess, but my wife and daughter tell me that they see significantly more people shopping this month than they did last.
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[Current World News] World markets extend rally amid cautious optimism (AP) | Current ...: HONG KONG - Asian stock markets advanced for a second day Monday, with Tokyo’s index up nearly 2 percent, on cautious optimism that government efforts to heal the financial system will reinvigorate the flagging world economy. European markets opened higher.
[WANE TV] Recession over in 2009?: Bernanke says -- quote --"We've seen some progress in the financial markets, absolutely." But he adds "until we get that stabilized and working normally, we're not going to see recovery."
[IndustryWeek -- Economics & Public Policy] IndustryWeek : Bernanke Sees 'Green Shoots' of U.S. Recovery: His assessment chimed with a new tone of cautious optimism from President Barack Obama's administration as top economic aides took to the airwaves earlier on March 15. "It is an economic war.
[Kansas City Star: Business] Asian markets mostly higher but caution remains - Kansas City Star: A man smiles as he walks past the stock price monitor at a private securities company Monday, March 16, 2009 in Shanghai, China. Asian stock markets are mostly higher, on cautious optimism over government pledges to heal the financial system and spur growth.
[Times of the Internet] Bernanke sees 'green shoots' of US recovery: The "green shoots" of economic revival are already evident, Bernanke told CBS program "60 Minutes" in the interview broadcast late Sunday, which the network said was the first by any sitting Fed chairman in 20 years.
[NDN Blog - NDN Blog] Hope and Optimism II | NDN Blog: New York City -- Is the economy better? Not quite, but two things I have urged since the crisis began came to pass last week, and the results were positive. Last Thursday, the House finally held a hearing on easing mark-to-market rules. The prospect of the hearing lifted markets at the beginning of the week and the result of the hearing, a consensus to tweak FAS 157 -- a regulation introduced at the beginning of the crisis -- lifted them into the weekend. Leaked news of profits by Citi and other banks, meaningful only if mark-to-market losses do not occur, fed the rally. As I also urged, the Obama Administration took the occasion of the market's rise to launch a confidence offensive, culminating in a rare 60 Minutes appearance Sunday night by Fed Chairman Bernanke in which the Chairman expressed cautious optimism that things are improving. Confidence by leaders is critical to recovery because without it, one cannot expect the public to be hopeful or resume buying.
[Hard Times] Hard Times » Blog Archive » Economic Recovery By Years End?: Bernanke explained that it might not seem fair to the average American to bail them out with taxpayer money after they ran their company into the ground, but that it is unfortunately the only option for the government at the current moment. Bernanke doesn’t condone AIG’s business decisions but believes that he has to help them from imploding (which would completely disrupt the financial system) and punish them later once the market levels out.
[Daily Advance - Business] AP Executive Morning Briefing - Business | DailyAdvance.com: Seeking to counter a chorus of unhappy Republicans and nervous Wall Street investors, President Barack Obama and his economic team are taking a cheerier tone while making billions in federal loans available to the nation's struggling small businesses. Obama and Treasury Secretary Timothy Geithner on Monday planned to announce a broad package that includes reduced small-business lending fees and an increase on the guarantee to some Small Business Administration loans.
[CNBC Top News and Analysis] Fed Preview: Fed Weighing Options To Revive Economy - Economy * US ...: The recession, in its second year and already the longest in a quarter-century, has turned out to be more severe than the Fed had anticipated, Bernanke conceded last week: "My forecasting record on this recession is about the same as the win-loss record of the Washington Nationals."
[Illuminati Conspiracy Archive Blog] Bernanke Maintains Cautiously Optimistic Tone | Illuminati ...: With the Obama administrations promises of recovery, transparency and accountability for the economy, much of the burden falls onto the shoulders of the Federal Reserve Chairman Ben Bernanke. The Fed, which sets the nation’s monetary policy and regulates banks, is immersed in trying to keep the U.S. financial system from cratering.
[But As For Me] Bernanke: Some firms too big to fail (Politico) ” But As For Me: Politico - In a rare TV interview of a Fed chair, Ben Bernanke — making a taped appearance on “60 Minutes”
[Traderbill's Financial Markets Weblog] 3/17/09”¦hump day! « Traderbills Financial Markets Weblog: Now as the economy deteriorates the Poles are leaving and the Irish are back in the pubs”¦in .TB remains cautiously optimistic”¦like trying to pick up a rattler without getting bitten.
[Option ARMageddon] Option ARMageddon » Blog Archive » The fix is in! MTM Accounting ...: Because of MTM, I as a small businessman am having difficult obtaining a $200m loan from my local bank to purchase and renovate a small commercial property that would benefit my business. My credit is fine, and I have a goodly amount of cash on hand.
[Cricket Cool] Cricket Cool » Blog Archive » David Prosser: Bernanke does his ...: Outlook Does the US Federal Reserve chairman, Ben Bernanke, really see some signs of green economic shoots out there? Back home, when Baroness Vadera dared to talk positive a couple of months ago, she was lampooned, yet Mr Bernanke’s cautious optimism was a real shot in the arm for global stock markets yesterday
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