Signs Say Recession Ending

8:53 am EST September 10th, 2009 | News | 10 Comments

OMG Obama’s socialism getting country through a rough patch! OMG BHO FDR?

All but one of the Fed’s 12 regions indicated economic activity either was “stable,” showed “signs of stabilization” or had “firmed,” according to the Fed’s survey. The one exception was the St. Louis region, which reported the economic decline is “moderating.”

Businesses in most Fed regions said they were “cautiously positive” about the economic road ahead. The survey, known as the Beige Book, does not include precise figures.

Analysts predict the economy is growing in the current quarter, which ends Sept. 30, at an annual rate of 3 percent to 4 percent. That’s mostly because businesses, which had slashed investments during the recession, are spending more.

Auto sales have been lifted by the government’s recently ended Cash for Clunkers program. Manufacturing and the battered housing market, which led the country into recession when it collapsed, have also shown signs of improvement.

But seriously, we’re not much out of the woods by far, but on the right path.

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10 Responses to “Signs Say Recession Ending”

  1. Duros62 says:
    September 10, 2009 at 10:09 am

    Clearly, good news for John McCain.

  2. jr says:
    September 10, 2009 at 12:38 pm

    “Steve Moore is my Calgon”-Greta Van Susteren

  3. william says:
    September 10, 2009 at 1:28 pm

    The Fed says…ha, that’s a good one. The same bunch of crooks and fools who got us into this mess with cheap money/cheap credit who hand out taxpayer dough to Wall St. firms, who should be bankrupt and in jail I might add, are saying were out of the woods? Good luck with that.

  4. Impaler says:
    September 10, 2009 at 7:33 pm

    We are not out of the woods, we are merely trading one problem for another. With the Fed monetizing the debt, the dollar continues to slide in value, (purchasing power). This action will help to stabilize the housing market, (as the dollar is worth less it takes more dollars to buy a home) so real-estate values in the near term are increasing now, but, what remains to be seen is the long term effects of the Administrations debt policy on durable goods orders and the GDP as a whole. I hope it works.

    So Sayeth the Impaler!

  5. Jaim says:
    September 10, 2009 at 8:25 pm

    “the dollar continues to slide in value”

    Not true.

    And the CBO has economic growth projected between 3 and 4 percent for 2011. The few remaining adults within the GOP know that they’re fucked for 2012. Barring a 9/11 style event (which could actually improve Obama’s popularity, as it did for Bush) our president is a lock for two terms.

  6. Impaler says:
    September 10, 2009 at 9:19 pm

    Jaim, its on the front page of CBO.gov, I use the CBO for estimating my companies cost of importing electronics from China, and exporting to Indonesia, when the Democrats took over congress the national debt was 8 Trillion and change, today its over 12 trillion dollars this is a 50 percent increase since the 2006 elections. When you increase the Debt, and increase the deficit, and you print more money (liquidity) then the dollar is worth less, as I explained in the earlier post, this will have a positive effect on the struggling real-estate and mortgage markets, this is one of the ways the Fed is trying to deal with the banking crises. Why does this work this way? Mortgages are tied to the value of the property, when the dollar loses value it takes more dollars to buy the house, therefore values increase. But there is a trade off, durable and consumer goods become more expensive because they take more dollars to produce the product, this you will hear in the news as inflation. Inflation must be managed to create growth, I believe when we start to turn around, meaning (balance), will be in the summer of next year, this is when it will be possible to have positive employment numbers, but then the tax cuts expire and the engine of our economy I fear will grind to a halt once again.

    I hope this was helpful,

    Impaler

  7. Jaim says:
    September 10, 2009 at 9:39 pm

    “Mortgages are tied to the value of the property, when the dollar loses value it takes more dollars to buy the house”

    Actually, housing prices are dropping. At least they were. They might have bottomed out by now.

    “the tax cuts expire”

    Tax cuts for those making over 250K. Obama’s tax cuts for the other 95% percent of America will remain in place and do their job of getting people to actually spend money, as opposed to investing or saving it. (Investing and saving being a good idea in general, but right now to increase employment we’d rather have spending.)

    “I hope this was helpful”

    Nope.

  8. SaveFarris says:
    September 11, 2009 at 8:32 am

    Tax cuts for those making over 250K.

    In other words, employers.

  9. Indeed says:
    September 11, 2009 at 8:37 am

    In other words, employers.

    Paris Hilton’s your boss? Cool!

  10. Jaim says:
    September 11, 2009 at 8:39 am

    An employer making over 250K is going to be gun-shy about hiring at the end of the Bush Recession. Purchasing has to show improvement before real hiring will occur. Lower and middle class folks who are benefiting from the Obama tax cuts are (ideally) going to spend their extra money on goods and services.

    A Republican president once criticized the “voodoo economics” of giving George Soros and Britney Spears tax cuts.