Judging market confidence amid the ups and downs

Tuesday, March 24, 2009

In these economic times, it's all about confidence. Markets responded with a surge of confidence to U.S. Treasury Secretary Tim Geithner's announcement of a revised plan to help banks rid their balance sheets of toxic assets yesterday. Stock markets may be overused as indicators, but yesterday's gains were significant as stocks surged almost seven percent. Add to that the almost 5.1 percent upswing in home sales and things are starting to look good, right? Is all this good news the start of the economy turning around? Or are we still bumping up against the bottom? Kelly Evans, economics reporter for the Wall Street Journal, and Juliana Liu, the BBC's Asia business correspondent in Singapore, join The Takeaway to tell us how much confidence is actually warranted.

"Just to see a stabilization or a pop, to me is everything."
—Kelly Evans, economics reporter for the Wall Street Journal, on having confidence in the economy

Guests:

Kelly Evans and Juliana Liu

Contributors:

Sitara Nieves

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