Recovering prices on the stock exchange…the best levels of consumer confidence so far this year…a marginal increase in home building. ABC's Betsy Stark consulted her economist sources and they told her that "the picture has gone from being completely black to mixed with shades of gray." She warned about unemployment, however, as she mixed her color metaphors. If the economy continues to lose jobs "those green shoots could get burned out and this tentative progress could be reversed." Green Shoots, CNBC's managing editor Tyler Mathisen reminded us on NBC, was a phrase coined by Chairman Benjamin Bernanke of the Federal Reserve Board to depict intimations of recovery. To Stark's list, Mathisen added a revival of the manufacturing sector in China. Billionaire financier Warren Buffett was asked by ABC's Bianna Golodryga when he thought the recession will be over. His answer was most unoracular: "We do not know when that will be over. We do know it will be over but I cannot predict the timing. I would say that we have got a ways to know. Who knows?"
You must be logged in to this website to leave a comment. Please click here to log in so you can participate in the discussion.