Federal Reserve says strong global recovery under way

[Jeffersons Ghost]

Fed's Bullard says strong global recovery under way

(Reuters) - A strong global economic recovery is under way, and is unlikely to be thrown off course by European debt woes or the improbable event of the bursting of an asset bubble in China, a top Federal Reserve official said on Monday.

"While the sovereign debt crisis in Europe is indeed a serious matter, the global recovery at this point looks very strong and seems unlikely to be derailed," said St. Louis Federal Reserve Bank President James Bullard in remarks prepared for delivery to a conference in Tokyo.

Bullard also said Europe's sovereign debt crisis had not pushed back the timing of an eventual rise in the Fed's benchmark interest rate, as some market watchers have speculated. The recovery in the U.S. economy needs to become more firm in order for the Fed to raise rates, Bullard told reporters at a briefing in Tokyo.

http://www.reuters.com/article/idUSTRE65D0XX20100614

[Jeffersons Ghost]

1. this is VERY good and important news. how about one more rec. to get it in front of more eyes

[Wounded Bear]

2. I'll believe it when I find a job...

J/K, sort of. All politics is local, right? The job market still sux. It's beginning to look like they finally found a way to have their recovery without sharing it with us little guys.

[Sebastian Doyle]

12. When the corporate media and the "federal" reserve talk about "recovery"

They mean "recovery" for the Wall $treet investor class. Not for the rest of us. :evilfrown:

[amborin]

13. +1000

[Jeffersons Ghost]

17. the "rest of us" can hurry up and die for all they care

[lumberjack_jeff]

10. Until they define some terms, like "recovery", I'll withhold judgment. n/t

[Coyote_Bandit]

3. A recovery measured in

Wall Street numbers that doesn't mean shit to Main Street folks. Another fucking jobless "recovery."

[flyarm]

4. Jobless recovery..STILL?? How long have we been being fed this carrot? eom

[glitch]

5. Carrot's not working, here comes the stick: Austerity. nt

[treestar]

6. Interesting for once the problem is not us

It's a European debt crisis!

[L0oniX]

7. ...and the deer and bunnies are playing in the grass by the little house by the creek.

[TheKentuckian]

8. My Baghdad Bob sensor is going off, though it may merely be the Tinkerbell effect

Prosperity is going to be less shared not more.

As soon as goofy motherfuckers stop believing trickle down works the the faster we can actually do something productive for a greater chunk of humanity

[lib2DaBone]

9. So true. They are stuck on trickle down. Is that yelllow rain on my shoes?

There can be NO recovery as long as Wall Street is allowed to use naked CDS.. (derivatives).

'Lil Timmy Geithner was over there chastising Germany because they had the "nerve" to outlaw CDS.

No one seemed to notice that Germany's economy began to improve IMMEDIATELY.

[flyarm]

11. everything is peachy for propagandists,they have jobs!!

but this..not so much good..

More Than 1 In 5 American Children Are Now Living Below The Poverty Line

http://theeconomiccollapseblog.com/archives/more-than-1...

[Hydra]

14. Ya...sure it is

I've been hearing "green shoots" and "upswing" for years now.

That's until the job reports come out.

[Jeffersons Ghost]

16. I hear ya!

[Greyhound]

15. "strong global recovery" of the parasite class.

After pumping trillions into their pockets and covering all of their losses with a generous profit thrown in for good measure, they're doing much better, thank you very much. As for the rest, well really who cares?

And the beat goes on...

[Scurrilous]

18. K & R

:thumbsup:

[eridani]

19. Would those be the same folks who said that the housing bubble would never burst? n/t