Friday, March 13, 2009

(Good) News on the Economy

With so much bad news permeating the airways, I thought it might be nice to share some good information I gathered today on the economy:

President Obama has declared that the economic situation is not as bad as the authorities once assumed -- which I guess begs the question of why we should incur another trillion in debt for a stimulus plan.  AP

"Sales at U.S. retailers in February fell less than forecast and a gain in January exceeded the previous estimate, indicating the biggest part of the economy may be beginning to stabilize." Bloomberg

"Faint but welcome signs of optimism emerged Thursday from the most troubled corners of the economy — the banking system, the automakers and cash-desperate stores — and helped push the stock market to its best three-day run in four months."  AP

China sees U.S. law firm growth.  Bloomberg

While I think it is a bit premature to be calling this the end of the recession, it does not hurt to be a little optimistic.  The economic wealth built in this country since the Great Depression is substantial--most of it not from speculation and hype like the housing values bubbled from this current crisis.  Hopefully, all actors in our economy--the government, consumers, and investors--learn from the mistakes made the next time around.

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