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Current DateTime: 01:33:06 26 Nov 2009
LinksList Documentid: 24355697
  • Runway Angels

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FEATURED QUIZZES


Current DateTime: 01:33:06 26 Nov 2009
LinksList Documentid: 33793611
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Current DateTime: 01:33:06 26 Nov 2009
LinksList Documentid: 24890560
  • Winterizing Your Portfolio

      If 2009 was the winter of our discontent, will 2010 be a winter wonderland for investors? A lot depends on the recovery—or lack thereof.

  • Investor's Guide to Real Estate

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  • Alternative Investing

      Stocks and bonds? Sure. But it's a big world out there for investors.

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Fed Chairman Doing Better, But the US Economy Isn't
By: CNBC.com | 27 Feb 2008 | 03:42 PM ET
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A new CNBC survey of Wall Street professionals Wednesday shows a slight increase in the approval rating of Ben Bernanke's overall performance as Federal Reserve chairman, but waning faith in the strength of the economy.
CNBC Trillion Dollar Survey

Based on the views of the 39 money managers, investment strategists and professional economists responding to CNBC's "Trillion Dollar Snap Survey" today, Bernanke earned an overall weighted-average grade of 82.7 percent or "B" — a slight improvement from the 81.4 percent, or "B-" grade, he received in January.

Trillion Dollar Snap Survey

However, respondents felt somewhat worse about the U.S. economy, saying the probability of a U.S. recession in 2008 has increased from 47.25 percent in the January survey to 48.25 percent today.

Respondents also felt the Fed is too worried about slowing growth, in sharp contrast to sentiment in an August survey in which respondents felt the Fed was too worried about rising inflation.

Despite respondents' less than positive outlook, a full 61 percent felt the stock market would move higher over the next three months, though some said it could retest January lows before doing so. They were not, however, quite as optimistic about a recovery in the housing market; 78 percent said a recovery would not begin until the fall or later.

© 2009 CNBC.com
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CNBC HIGHLIGHTS

  • For nearly three decades, these on-call experts have been dishing advice on how to – and not to – cook turkey.
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