We saved the world from disaster, Bernanke says

Date: Fri, 21 Aug 2009 12:01:19 -0400

We saved the world from disaster, Bernanke says

The global economy is now beginning to emerge from its worst crisis
in. generations, but the downturn might have been much worse if
central banks. hadn't acted so forcefully last fall, Federal Reserve
Chairman Ben Bernanke. says.

RECESSION ENDING? WHO CARES?

If the recession really has ended, is there any reason to celebrate?

US JULY EXISTING HOME SALES UP 4TH STRAIGHT MONTH

Resales of U.S. single-family homes and condos rise 7.2% in July to a
seasonally adjusted annual rate of 5.24 million, the highest level
since August 2007, the National Association of Realtors reports.

GAUGE SHOWS EURO-ZONE ACTIVITY STABILIZED IN AUG.

Economic activity across the 16-nation euro zone posts a record jump on Friday.