April 15th, 2009

Greenshootsblog.com was heartened to read a report on fundstrategy.co.uk of a speech by Ben Bernanke, chairman of the Federal Reserve in the US.

In a contrast to recent doom and naysaying, Benanke said: “Recently we have seen tentative signs that the sharp decline in economic activity may be slowing, for example, in data on home sales, homebuilding, and consumer spending, including sales of new motor vehicles.”

And whilst we’re not definitively calling the bottom of the market just yet, there are some promising signs