Banks--- Betting on the recovery Message Board

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Non-Tech : Banks--- Betting on the recovery

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Nov 28 9:30 AM EST

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From: tejek	3/1/2009 6:58:38 PM
	of 1428

When Will the Recession Be Over? February 28, 2009 Last Tuesday, Ben Bernanke, the chairman of the Federal Reserve, predicted that 2010 “will be a year of recovery.” On Friday, Americans learned that the gross domestic product fell 6.2 percent in the last quarter of 2008, suggesting that the recession may be deeper than anticipated. So when, exactly, will the misery end? When can we expect to see the economy turn around? The Op-Ed editors asked 11 experts to hazard a guess. If You Have to Ask... By JAMES GRANT The end is unknown. Beware the False Dawn By STEPHEN S.ROACH Market gyrations are expected. A Long Goodbye By A. MICHAEL SPENCE The short answer is not soon. Stop the Bailouts By WILLIAM POOLE Federal policy is damaging the economy’s prospects. Back Online by 2010 By ERIC SCHMIDT The internet is a critical part of our recovery. An Ordinary Crisis By GEORGE COOPER The economy is on the same path as previous bubbles. Our Great Recession By NIALL FERGUSON The fall in American output won’t rebound quickly. It Can't Last Forever By ALAN S. BLINDER Growth will return, assuming there are no new surprises. Tumbling Dice By MARCELLE CHAUVET and KEVIN A. HASSETT By the fourth quarter, the odds are better. Rule of Four By CARMEN M. REINHART As the contraction continues, look at more severe precedents. The L Curve By NOURIEL ROUBINI This recession could take different shapes. nytimes.com

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