Bernanke: A little too much Optimism?

In spite of what the government is saying, it might be too early to say that the economy is finally getting back on its feet.

Yesterday, Ben Bernanke and his associates articulated a view that stimulus has taken the economy out of “defcon 1,” and that future policy will focus on weaning the US off of government help.  Bernanke, who says that he sees those famous “green shoots,”  indicated that the Treasury will continue to buy securities, but that this should slow or cease by as soon as November.

That is in spite of all kinds of evidence of persistent trouble on Main Street.  How can regulators see light at the end (more…)