Friday, April 3, 2009
After 17 months of this recession, is the end near?
Seeing as we cannot recognize economic recovery until after we have experienced it, it is difficult to know where we stand today in regards to eventual recovery. Although there have been encouraging signs in recent weeks that the worse might be over, and this article points out some of those positive signs, unemployment is the more important indicator right now. Just one year ago our stock market was healthy, but unemployment was a problem. So even if we see the markets rebound, manufacturing orders increase, and home sales start to grow again, the employment number has to stop bleeding first before real consumer confidence returns.