Bernanke see recovery gaining traction
Posted by wengler on Jun 08, 2010 | 1 Comment
Federal Reserve Chairman Ben Bernanke expressed when the economy will gain traction in the U.S. today on the right track and the country must avoid falling deeper into recession.
“So far the economic recovery is quite good. We will have a sustained recovery,” Bernanke said when asked about the continuing economic downturn and slow and sweeping the United States since the end of 2007.
This optimistic tone of...
G20 drops support for fiscal stimulus
Posted by wengler on Jun 06, 2010 | Leave a Comment
Photo: cnn.com
The central banks joined in the member countries of the G20 group support to maintain an economic stimulus to the market. No doubt, the big problem impacting negatively undermine Europe and rocked global financial markets will not quickly end.
As quoted from Bloomberg, could take an example, the European Central bank Governor Jean-Claude Trichet, who turned his exit strategy to fight the decline in the...
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