U.S. Federal Reserve Chairman Bernanke says recession ‘likely over’
At a Brookings Institution conference on Tuesday, U.S. Federal Reserve Chairman Ben Bernanke stated that “from a technical perspective, the recession is very likely over,” according to CNBC.
Although Bernanke noted that the pace of recovery and growth in the coming year will be “moderate,” many people are still skeptical:
adrianho11 (Montreal, Quebec) http://bit.ly/kwEkO #bernanke declares recession over, really? strumpet101 (Littleton, Colorado) If you still FEEL sick, aren’t you still sick? http://bit.ly/10qSwe #economy #bernanke #libertarian #recession mbagrrl (Durham, N.C.) #Bernanke says recession is probably over. http://cli.gs/sBb6jX I think it has hit bottom, but not over, not with 9.7% UE. #economy
Some are even using sarcasm directed at Bernanke:
LevyRecruits (New York, N.Y.) it’s over! it’s over! #Bernanke says it’s over! http://bit.ly/BtlmX Bent0box (Houston, Texas) #Bernanke says recession “likely over”, I’m thinking #S&P hits 1100 by end of week! haha
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