Seven signs the economy is in repair
By Jason Buckland, Sympatico / MSN Finance
Okay, I’ll bite.
Everyone knows the economy sucks … and the media won’t let you forget it. God knows even I’ve been a part of the declaration of doom, decorating the web with stories of profits falling and unemployment blooming.
But, hey, why not throw this recession thing on its head for once, eh?
The Financial Post linked to an encouraging Bloomberg story on its blog yesterday that notes seven positive indicators of an economy in repair.
The post shows seven data graphs which, boosted by Timothy Geithner’s remarks that the U.S. economy has at least stabilized, certainly do exhibit some hopeful signs.
Included in the seven points are noteworthy cases to back Geithner’s claims; new home sales are up, both manufacturing and non-manufacturing business is doing better than expected and something called the consumer confidence index is sky high.
Not bad, right? And while most of the data out there is geared to the U.S. (which is geared to us, consequently, anyway), it turns out much of the world’s commerce is looking up, too.
According to Reuters, Canadian business bankruptcies have dropped “unexpectedly” in this year’s first quarter. Meanwhile, England’s Chancellor Alistair Darling says the British recession will be over come Christmas.
So, sure, maybe this doesn’t mean much to the thousands of laid-off Canadians or families struggling with credit card debt higher than Aretha Franklin’s cholesterol.
And maybe there’s even more bad news still out there than good: like here, here and here. But, come on, who can be mad at a story like this?
Posted by: Sir Richard | May 20, 2021 3:07:27 PM
My private pension plan showed a growth of 17% last month, the first growth in over 3 quarters. When I spoke with my investor about the growth, hoping this was not a blip, she said, 'this is a growing trend and is expected to continue for the foreseeable future, but do not shout it from the roof tops. That may jinx the whole trend". That was good enough for me..... if the trend continues I expect to recover my losses within the year.