Wednesday, March 18, 2009

U.S. Economy Shows Signs of Crawling Out of Hole

WASHINGTON (Reuters) - Call off Depression 2.0.

While still far from health, the U.S. economy is showing some encouraging signs of life as consumers tiptoe back to the shopping mall, home builders pick up their hammers, and manufacturers clear out inventory.

That suggests the soon-to-be-completed first quarter will be as bad as it gets, and apocalyptic fears of another lengthy, painful Great Depression look unwarranted.

HT: Paul Kedrosky


At 3/18/2009 10:31 AM, Anonymous Anonymous said...

US economy is certainly showing signs of improvement. But increase in New Housing Permits can create more problems. We already have a existing home and new homes will drag the prices down.

- Vinay.

At 3/18/2009 11:18 AM, Blogger Unknown said...

just wait until it's time to pay for all this stimulus and the effects of businesses not investing and new regulation hit the economy.

At 3/19/2009 2:59 PM, Blogger RebelRenegade said...

We'll know a bottom has been reached once Obama backs off all the doom and gloom and starts talking up the economy. Like most presidents, he'll be positioning himself to take credit for the business cycle on its way up.

At 3/19/2009 3:38 PM, Blogger juandos said...

Personally I'm skeptical of anything Reuters tries to foist off as news...


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