Today in the economy

[killersheep]

Looks like Bernanke is more optimistic than I expected. He says if the Fed and the Obama administration can get the financial and credit markets operating "normally" the recession may end mid-summer. The Dow is up 145 points largely based on this news. I can't help but think that Bernanke is doing little more than confidence damage control here.

Bernanke: economy suffering 'severe contraction' - Yahoo! Finance