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See What People Are Saying About... Economy On Brink Of Turnaround

Tuesday, 5 May 2009 | 11:54 AM ET

It seems those green shoots of economic recovery are getting ready to flower.

While testifying before Congress, Federal Reserve Chairman Ben Bernanke predicted the economy should pull out of a recession and start growing again later this year.

"We continue to expect economic activity to bottom out, then to turn up later this year," Bernanke said.

But that's not all.

He also said the U.S. housing market may be bottoming after a three-year slide, and that there are signs of a rebound in consumer spending; a driving force behind the economy.

It's hard not to notice that Bernanke's comments seem much more confident then they've seemed for quite some time. In fact, if you read between the lines, his comments suggest that we could be on the brink of a major turn in the economy.

And that leads to our Fast Money Reader Poll. Do you think the US economy is on the brink of a turnaround?



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