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on gfy it is always doom and gloom, what with you guys? all got laid off from NPR radio?
you can listen to the experts or you can make your own observations.
i noticed many Europeans are living way over their income, many are using loans for day to day goods including luxury items and vacation trips. so i dont think europe is any where near the bottom..and they have banks faltering every day (not any more us banks are going down)
in the us, home/house prices have (in my area) started to turn and values increased apprx 5% over the summer, i think this is a good sign (yes the interest levels are being kept artificially low, but that has been done since greenshit was in charge of the fed)
consumer debt is down in the us, almost $25b, in my opinion that is a good sign but some economists thinks it is a bad sign, again i say dont trust the experts, make your own observations.
stocks are trading higher, index close to 10K, good or bad sign? who knows.. but i am happy with this recent development and have started investing again.
gasoline/energy prices are somewhat stable.
us unemployment is improving, slowly but surely..
my bottom answer is, yes the us economy is recovering but going slower than many had hoped.
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"Obscenity is whatever gives the Judge an erection." -- Author Unknown
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