Indicators of economic depression ending-- Google searches vs. job losses
read the full article at examiner.com
Larry Summers, Obama's top economic advisor has summed up the state of the economy today in what Forbes online is calling "promising", but somewhat "obscure" signs of recovery.
The Job Impact of the American Recovery and Reinvestment Plan
- "Earlier this year traders were betting there was a one-in-six chance that the Dow would fall below 5,000, he said. Now they say it's one-in-a-hundred.
- The chances that corporate bonds will default has fallen by a third.
- And Google searches for 'economic depression,' which surged to quadruple their normal levels, have since returned to normal. (A growing number of economists do believe that the recession has ended or will end in coming months.)"
read the full article at examiner.com
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