Wednesday, July 8, 2009

Way Too Early To CAll A Recovery

"I think it is way too early to say that we're in an economic recovery," American Express Chief Executive Kenneth Chenault says, in an interview with CNBC. "I think what is important is that at least what we are seeing is some stabilization. If we think about where things were last fall with the credit markets seizing up, it was a frightening situation. So stability, I think is important, and I think that's been very helpful."

http://www.cnbc.com/id/31802993

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