Posted on 06/09/2009 6:05:36 AM PDT by SeekAndFind
While some forecasters believe a rising jobless rate and more housing foreclosures could kill off a nascent recovery, we believe the panic is over and a V-shaped economic recovery is under way. It is in its earliest stages, which means plenty of economic indicators have yet to turn positive, but the signs of a strong bounce off the panic-induced lows are all around us.
Since bottoming in February, consumer confidence has had the fastest three-month increase on record. The Institute for Supply Management's manufacturing index, which fell to historic lows over the winter, has risen to signal that the overall economy is now expanding. The Richmond Federal Reserve index, a measure of manufacturing in mid-Atlantic states, is showing growth. Container shipments both into and out of the ports of Los Angeles and Long Beach--key measures of international trade--have traced a V-shaped recovery.
In the financial markets, the yield on the 10-year Treasury note is back up to 3.86%, almost exactly where it was in August 2008, just before the crisis hit. The VIX Index--a measure of stock market volatility and risk--has also traded back to levels not seen since August 2008. Meanwhile, key commodity prices, such as oil, copper, lumber and gold are well off crisis-period lows.
In general, the economic scene is quickly returning to where it was in September 2008, just prior to the collapse of Lehman Brothers ( LEHMQ - news - people ) and the ensuing sudden slowdown in monetary velocity. True, the official arbiter of U.S. recessions, the National Bureau of Economic Research, says the recession started in December 2007. But we think that had it not been for the events of September 2008, a recession never would have been declared at all.
(Excerpt) Read more at forbes.com ...
Big Lie, no matter the source.
This is not over.
There will be no economic recovery until Obozo is out of office.
You mean suckers right?
Is it just me, odoes it seem that EVERY WEEK “the panic is over”?
Check out this stunning video
http://hotair.com/archives/2009/06/09/video-economic-reporting-then-and-now/
This is not over.
There will be no economic recovery until Obozo is out of office.”
No one knows that. No one knows either way. I have an extreme dislike of Obama’s policies, but I won't let that get in the way of making financial planning decisions.
They Work for First Trust Advisors.
Do they have a reason to want to convince people that the worst is over and invest with them?
Surprise, surprise !!
Those who have been shrieking loudest about impending doom may have been doing so as a means to pick up blue chip stocks at bargain basement prices.
(Nothing new about that strategy: it’s a form of “reverse astroturfing” - and- when it comes to light, those who have been spreading the word for political reasons refuse to believe it.)
The real panic is yet on the horizon..... Should Obama get his way with the current Chrysler case before the USSC, the long term bond markets will dry up.
You know what I can’t stand? People who post threads and never return to discuss them.
lol.
The government will have the national debt at 100% of GDP within 5 years. People can buy and sell penny stocks for whatever profit they can squeeze but what does it matter when the dollars’ value is going to drop quite a bit
Put all your money into the next company to get nationalized.
Or
buy US debt and hope it doesn’t get monetized
Question.....should we actually see hyper inflation, will you trade in greenback, silver, gold, other commodities?
You are correct, no one knows that. But I ask, how can you have a recovery when the government continues to intentionally destroy capital. That is what is happening.
If Obozo goes down in flames, then possibly this will right itself. If not, he is a committed Totalitarian and will if unchecked drive the nation right into the abyss.
This is not Just about finances, it is about the rule of law and the future of the nation and a free people. It has consequences for the entire world. Not because we control the world, but the United States has always been a force for good in the world. If we are no longer there, our absence will be noted.
Why?
NY Times stock
Trade fast...like yesterday...
I dunno.... but the govt will be borrowing to pay the interest. Which cannot be a good sign.
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