great timing for good economic news

[240 is Back]

CAN'T BUY THAT TIMING: Here's a headline the White House has to like, coming hours before POTUS's speech to Congress -- "Fed survey shows U.S. recession may be over," courtesy of the Associated Press.

AP reports: "The Federal Reserve's snapshot of economic conditions backs predictions by Fed Chairman Ben Bernanke and most other analysts that the economy has started to grow once again in the current quarter.

"In the new survey, all but one of the Fed's 12 regions indicated that economic activity was 'stable,' showed 'signs of stabilization' or had 'firmed.' The one exception was the St. Louis region, which continued to report that the pace of decline in economic activity appeared to be 'moderating.'

Looking ahead, businesses in most Fed regions said they were 'cautiously positive' about the economic outlook."

[Soul Crusher]

CAN'T BUY THAT TIMING: Here's a headline the White House has to like, coming hours before POTUS's speech to Congress -- "Fed survey shows U.S. recession may be over," courtesy of the Associated Press.

AP reports: "The Federal Reserve's snapshot of economic conditions backs predictions by Fed Chairman Ben Bernanke and most other analysts that the economy has started to grow once again in the current quarter.

"In the new survey, all but one of the Fed's 12 regions indicated that economic activity was 'stable,' showed 'signs of stabilization' or had 'firmed.' The one exception was the St. Louis region, which continued to report that the pace of decline in economic activity appeared to be 'moderating.'

Looking ahead, businesses in most Fed regions said they were 'cautiously positive' about the economic outlook."

[shootfighter1]

2 negative headlines today as well:
-U.S. taxpayers unlikely to be reimbursed by auto bailout recipients
-Government Ran heathcare plan unlikely to pass senate

[BM OUT]

Yes the recession is over.Unemployment at 9.7 % and we are about to raise the debt ceiling to 13 trillion.Thank God for that stimulous.

[GigantorX]

CAN'T BUY THAT TIMING: Here's a headline the White House has to like, coming hours before POTUS's speech to Congress -- "Fed survey shows U.S. recession may be over," courtesy of the Associated Press.

AP reports: "The Federal Reserve's snapshot of economic conditions backs predictions by Fed Chairman Ben Bernanke and most other analysts that the economy has started to grow once again in the current quarter.

"In the new survey, all but one of the Fed's 12 regions indicated that economic activity was 'stable,' showed 'signs of stabilization' or had 'firmed.' The one exception was the St. Louis region, which continued to report that the pace of decline in economic activity appeared to be 'moderating.'

Looking ahead, businesses in most Fed regions said they were 'cautiously positive' about the economic outlook."

It's really good timing. But the numbers suck, U.E. is still high, the Govt. is still broke. Consumers are still saving at every growing rates and are paying back debt equally as quick without taking on new debt. The GDP will be frontloaded to next quarter and if there is still some vapors left over, the 4th quarter....but don't hold your breath for the next year....