US adviser sees hope of recovery (BBC)

[eppur_se_muova]

A key adviser within US President Barack Obama's administration says she is "incredibly confident" the US economy will recover within 12 months.

Christina Romer, head of the White House's economic advice council, told Fox TV "we will be seeing signs the economy is turning around".

She also told CNN that the US recession would "bottom out" in 2009, predicting economic growth later this in the year.

She spoke ahead of a new bank rescue plan due to be unveiled on Monday.

Reports say Treasury Secretary Timothy Geithner - who received public backing from Mr Obama in a TV interview this weekend - will move to purchase so-called toxic assets from troubled banks in an effort to kick-start investment.
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more: http://news.bbc.co.uk/2/hi/business/7958044.stm

[Tierra_y_Libertad]

1. Graveyard meet whistler.

The economy may "turn around" from deflation to hyper-inflation thanks to Geithner's revving up the printing presses.

[nadinbrzezinski]

2. Well purely on the on the road observatiions

I haven't seen Target that full in over two yaers,

Yesterday I went to pick meds and the place was a zoo

Reminded me of... holiday season