Tuesday, June 09, 2009

Richmond Fed Rebound Suggests Econ. Recovery

RICHMOND FEDERAL RESERVE -- In May, the seasonally adjusted manufacturing index—our broadest measure of manufacturing activity—jumped to 4 from April’s reading of -9 (see chart above). Among the index’s components, shipments gained twelve points to 9, new orders rose twelve points to finish at 10, and the jobs index advanced fourteen points to end at -12.

MP: Signalling the end of the 2001 recession, the economy was in full recovery when the Richmond Fed Manufacturing Index was above zero by early 2002 (see chart above). The index is now above zero for the first time in more than a year, suggesting possibly that the Richmond Fed region, if not the rest of the country, is now in recovery.

6 Comments:

At 6/09/2009 10:35 PM, Anonymous Anonymous said...

Although I'm not an economist, I'm happy to see my prediction that we're either already out of the recession or are very, very close being confirmed more and more with each passing day...

 
At 6/09/2009 10:42 PM, Anonymous Anonymous said...

Anonymous claims of prediction aren't worth the paper they're not printed on. It's one of those legends in your own mind things.

And hey! You stole my prediction!

 
At 6/10/2009 6:49 AM, Blogger 1 said...

I have to wonder if the Richmond Fed is in denial about who's in the White House and who has the majority in both houses of Congress...

 
At 6/10/2009 11:09 AM, Blogger ritec said...

^ The only person in denial here is you. Believe in your country regardless of who manages it at the time. It's not what your country can do for you, but what you can do for your country...

 
At 6/10/2009 7:10 PM, Blogger 1 said...

ritec says: "The only person in denial here is you"...

Pray tell, just what am I supposedly denying?

"Believe in your country regardless of who manages it at the time"...

Sorry not when criminals and pinko parasites are defiling the Oval Office...

"It's not what your country can do for you, but what you can do for your country..."...

You want to buy into that Kennedy crapola, go right ahead...

Get Ready for Inflation and Higher Interest Rates

 
At 6/11/2009 9:37 AM, Anonymous Anonymous said...

"Believe in your country regardless of who manages it at the time."

Excepting George Bush, of course. Burn the flag one day, wrap yourself in the flag the next.

 

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