Bernanke Feared a Second Great Depression - WSJ.com

There's that word again, depression. They seem supremely confident that we are in a recovery now, even though we still contracted 1.5% annually for the 2nd quarter. Um, we are only in the third quarter. I think we need at least one, maybe two quarters of stagnation before we can claim we've bottomed. Well, maybe they're right this time... Bernanke Feared a Second Great Depression - WSJ.com: "KANSAS CITY, Mo. -- Federal Reserve Chairman Ben Bernanke on Sunday said he engineered the central bank's controversial actions over the past year because 'I was not going to be the Federal Reserve chairman who presided over the second Great Depression.'"