Has the world economy begun its recovery? This is the question occupying the minds of economists and overenthusiastic journalists. Let us join the debate and read the signals that have come so far
Buzzword Bernanke
Federal Reserve Chairman Ben Bernanke used the term green shoots for the first time in an interview to CBS News’ 60 Minutes, and thus unleashed one of the most repeated jargons of the recession. It refers to early signs of life in barren economies.
Bank on ‘em
The global crisis began with the banks. Now, how are they doing? Some encouraging news there. Goldman Sachs and JPMorgan Chase have both reported profits. The US Treasury Bill-Eurodollar yield differential (TED), which measures risk inside the banking system, has come back to its long-term average. In plain English, it means banking players have become less risk-averse and more hopeful.
(This story appears in the 19 June, 2009 issue of Forbes India. To visit our Archives, click here.)