The global financial crisis that erupted in the United States this fall appears to be largely under control, but how long the recession in the world's largest economy will last depends on the actions of the administration of Barack Obama, the editor of Barron's weekly said at a recent seminar in Tokyo.
Edwin A. Finn Jr., editor and president of Barron's weekly, said he has a more optimistic take on the situation than the prevailing view on Wall Street, which thinks the recession will be very deep and last for at least another year.
"We think that the recession could be over sometime in the next six months, and that stocks could bottom sometime in the next two to three months."