| akuma587 said: 1) The banking system is in a significantly better position than it was a few months ago. Many of the most problematic banks (Citigroup and Bank of America among others) are now posting in the green rather than in the red. That's an extremely good sign. The plan to deal with the trouble assets will prevent the bad blood in the market from sending us back down into the doldrums we were in a few months ago. European countries look like they will implement some stimulus efforts as well. This will have a spillover effect on the U.S. and help out our economy in many ways. There are plenty of good reasons for confidence to be up compared to a few months ago. All the above reasons and the fact that consumer spending has grown some. 2) Yes, GDP shrinking at a slower year-to-year rate is a good indicator. Would it be better if the drop in GDP was accelerating? Its not realistic to expect GDP growth right now. 3) I agree with you that this is the hardest to predict. I think that the injection of stimulus funds and the less dire economic news will help these numbers slow down. Job losses are going to continue for several months, possibly the rest of the year, but in relative terms I think that you will see them start to slow down significantly. |
So the economy next month will be better then this month? How about the month after that?
And being in the green and not the red is playing with numbers. Oh, and who has offloaded any toxic assets?
