Jackson Hole Economic Summit Predicts Recession Ending

Posted By: Steve Bellamy on August 21, 2009 10:06 pm

Normally you go to Jackson Hole to see uber cool Jeremy Jones manhandling the mountain, Lindsey Dyer hucking cliffs or Tommy Moe schmooze ski like no other.  But it was an entirely different cast of characters today as Ben Bernanke told the world that the music is starting groove again, the sun is going to shine and the locusts probably aren’t coming back soon.

The ski resort played host to economists, professors and all types of money people.  Said Kenneth Rogoff former chief economic officer for the International Moetary Fund and a Harvard Professor, “There is no question the global economy is healing and emerging from recession.”  Ben Bernanke, the Federal Reserve Chairman agreed, but did say there are still a lot of things to flush out.

There are many positive indicators out there including the fact that US Homes jumped in July to the highest level since August of 2007.  The stock market is getting pretty close to 10,000.  How much did you buy when it was 6500?  And, the Japanese economy grew for the first time in five quarters.

So buy a new pair of skis, plan a ski trip and help get this economy back on track!