Is the Recession Finally Over

Is the recession finally over? This question has been bothering most people for quite some time yet still I cannot give a definite answer. Bernanke did rule today that the recession is over yet I believe it is more of a rally call than a legitimate statement. In fact he had to refer to the term “likely over” which to me doesn’t show much confidence. His basis was on the fact that the stock market has gone up mass amounts and the fact that retail has recently grown 2.7%. Yes these are good signs as anything positive can always be taken as times of good, however I think we still have bigger problems that have yet to be addressed. 11%+ unemployment, a failing housing market, and billions on billions of dollars in debt. Do we still think this recession is blown over? In the next couple days, I will follow up on what my thoughts of the health of the economy are but first I want to hear my readers thoughts. As a result, either comment below or post your response on my forum.