In his semiannual report to the Senate Banking Committee, Bernanke predicted the economy is likely to keep contracting in the first six months of 2009. But he also said "there is a reasonable prospect" the recession will end this year. He warned that a recovery will require getting credit and financial markets to operate normally.
He gave so many caveats that I might as well be giving my opinions, like the Japanese Finance Minister, over a few sakes and a better location than congress.
Suck it up and make a clear and intelligible opinion, Mr. Bernanke...But I will say one things...he's thinking optimistically!
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