Blogs Posts on "Economic Recovery"

More Convincing Reports Forecast A Jobs Rebound by The Good News Economist on Nov 20, 2009This week saw addition signs that this recovery will be anything but a jobless one.On Monday the Empire State Manufacturing Survey was released. Amidst a report that shows continued manufacturing growth in the region came this assessment from the do...

Cisco Joins Many Others: Recovery Is Gaining Momentum by The Good News Economist on Nov 6, 2009John Chambers ignited markets on Thursday. The Cisco CEO joined other leading firms like Apple, Amazon, Alcoa, Intel, and others by stating that, "the quarter was very strong. The recovery is gaining momentum." Earlier in the week, the institute f...

Auto Sales Cruise Ahead in October by The Good News Economist on Nov 3, 2009On Tuesday major auto manufacturers indicated that their October sales rebounded significantly following a weak September.The increase to the US annualized sales rate was nearly 20 percent better than September's measure. Early estimates show the bum...

Poll: Bush Still To Blame For Economic Woes by Donklephant on Nov 3, 2009As I’ve said numerous times before, voters aren’t stupid. They know who piloted our economic collapse last year and it’s going to be extremely hard for Republicans to convince them otherwise. Still, it is kind of telling that Republ...

Senate Likely to Extend $8,000 Home-Buyer Tax Credit by The Good News Economist on Oct 25, 2009Senate Majority Leader Harry Reid has proposed a new version of a popular home-buyer tax-credit extension. Folks close to the matter claim a vote on the proposal is coming shortly.Another recent Senate alternative would continue the $8,000 credit fo...

Crude Oil up to One-Year High as Dollar weakens by Global Crisis News on Oct 19, 2009Crude oil prices touched $79.05 per barrel, rising about half a percent on the New York Mercantile Exchange. This is the highest level it has reached since October 15 last year. The rise is attributed to the confidence built up by growing global equ...

Dow Jones Closes Above 10,000 by Donklephant on Oct 14, 2009True, it might go right back down tomorrow, but I have to say that this is a nice little psychological boost. But it’s not just psychological. Look at the 52 week spread in that picture…at this time last year we were down to 6,469. That&#...

The “Great Recession” Is Now Technically Over by Donklephant on Oct 14, 2009Yep. That’s right. A group of economic forecasters are projecting that we’ll see growth in the next quarter, so the recession is technically over. And hey, we can all be thankful for that. However, the pain will linger for years to come.

Q3 Earnings Season Underscores Rebound by The Good News Economist on Oct 8, 2009While skeptics remain, Q3 earnings season kicked off on Wednesday with almost all those announcing earnings surprising to the upside.Alcoa, the firm which much earlier in the year pegged the global turnaround, swung to a profit in Q3. "We do clearly...

October Reports off to a Very Good Start by The Good News Economist on Oct 5, 2009As another October comes into focus there are many signs that robust recovery is no doubt firming in late 2009:1. Retail sales improved in the last week in Sept according to ICSC-Goldman's tally which rose 0.1 percent. The gain represents a 0.9 per...