Monday, June 07, 2010

Bernanke: Economy "won't feel terrific"

by Bill McBride on 6/07/2010 11:30:00 PM

From Sewell Chan at the NY Times: Bernanke Forecasts a Fitful Recovery

“My best guess is that we’ll have a continued recovery, but it won’t feel terrific,” Mr. Bernanke told the broadcast journalist Sam Donaldson in a question-and-answer session at the Woodrow Wilson International Center for Scholars.
“Even though technically we’ll be in recovery and the economy will be growing, unemployment will still be high for a while and that means that a lot of people will be under financial stress,” he said.
The Asian markets are up somewhat tonight.

The CNBC Pre-Market Data shows the S&P 500 up about 5 points and the Dow futures are up about 40 points.

The Euro is up slightly at 1.196 dollars

Best to all.