Bernanke warned that even if the recession is technically over, the recovery could be painful, pointing out unemployment is at 9.7 percent and will probably go higher. Home prices seemed to have leveled off but not everyone is convinced they won’t fall a little further. Credit still isn’t flowing like it once did.
So is the recession over? The big question may be – does it really matter?
Listen to the show:
Read more about consumer spending:
Los Angeles Times -- consumers must resume spending to aid recovery
Holiday spending could be flat
Guests:
Joseph Wirbick, President, Sequinox Retirement Resource Group
Scott Ehrig, Vice President & State Investment Manager M&T Investment Group - Private Client Services
