Here are just a few article titles circulating; in MarketWatch, “Bernanke Declares ‘Recession is Very Likely Over’”, in the California Real Estate Journal, “Analysis California Showing Signs of Economic Recovery” and “U.S. Industrial Production Exceeds Expectations” and in the Los Angeles Times, “Southern California’s Vital Signs are Improving”.
Yes, finally some good news. Articles like these have been popping up like crazy the last two or so weeks, but before you get too excited keep in mind that our economy remains in a fragile, anemic state. Recovery will not be an instantaneous turn around, in fact predictions say it will be quite the opposite. Unemployment will continue to rise into 2010, when job growth is expected to resume again, slowly. Even Bernanke himself admits that economic forecasting is not a precise science and that these promising predictions are based off of only numbers.
Whether or not these optimistic economic results were generated by scientific methods, headlines of hope, recovery, and future prosperity bring a comforting feeling.
