They look at at six major indicators: consumer confidence, durable goods, existing home sales, interest-rate spread, jobless claims and retail sales. An X means they're still crap. A check means thumbs up. The greener the bar, the less crappy. If at least three of these get checkmarks, then the recession is over. Breakdowns tell you what the indicator is, why it matters, and what to watch.
A useful tool for cutting through the swirl of data and hype, updated frequently and always accessible at kiplinger.com/businessresource/recovery.
]]>Worse,the fundamental problems of our economy have not been solved.Major corporations are taking no prisoners on cutting pay and compensation,and as downright greedy/dishonest major companies are today,well never see a pay increase or hiring boom on the next uptick anyhow.
The major,no BS sign of a recovery is when you see books predicting the next recession.
]]>(In case anyone's wondering, it would have been "For every complex problem, there is a solution that is simple, neat, and wrong")
]]>My opinion is that we're heading into a depression. We still have too much bad debt in the system and the Fed is trying wayy to hard and meddling in the economy much more so than is allowed.
]]>None - few complainers = Bad economy
Few - some complainers = Improving economy
Some - everyone complaining = Good economy
I've found the easiest way to check the pulse of the economy is to look at what offers domestic car manufacturers are giving. If it's 0% for 72 months, $1500 cash back, free gas for a year and a puppy, times are probably bad.
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