Fed Chair Ben Bernanke declared Tuesday that the recession is “very likely over at this point,” but don’t get too excited. The non-investment bankers among us still have a lot to worry about: “[I]t is still going to feel like a very weak economy for some time as many people still find their job security and their employment status is not what they wish it was.”

What do you expect for a few trillion in bailouts and bad asset guarantees? Maybe these people are on to something (or maybe just on something). — PS

Wall Street Journal:

The rebound, he added, would likely be so moderate it wouldn’t produce many jobs.

“Even though from a technical perspective the recession is very likely over at this point, it is still going to feel like a very weak economy for some time as many people still find their job security and their employment status is not what they wish it was,” he said.

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#bailout#ben bernanke#economy#fed#recession#recovery#wall street