The U.S. recession may have ended in July

[Matter-Eater Lad]

The U.S. recession may have ended in July as the labor markets improved, Jeffrey Frankel, a member of the National Bureau of Economic Research’s business-cycle dating committee, told Bloomberg.

 

http://www.bloomberg.com/apps/news?pid=20601087&sid=auhNNHjXxUnM

 

While profits at S&P 500 companies are falling for a record eighth straight quarter, results have surpassed projections by an average of 10 percent in the current season. Per-share earnings have beaten estimates at three-quarters of the 447 companies in the S&P 500 that released second-quarter results since June 17, according to data compiled by Bloomberg.

[Dfit00]

Indeed, now the challenge is to challenge the recovery.

 

:dozey: To be or not to be, that's the question. :dozey:

[Matter-Eater Lad]

I don't think we are out of the Recession but it'll be funny when they claim we are and probably in a few years things get worse again. We may get out of it for a little bit but everything were doing is what caused the problem in the first place, the solution is not the problem x100.

[Dfit00]

I don't think we are out of the Recession but it'll be funny when they claim we are and probably in a few years things get worse again. We may get out of it for a little bit but everything were doing is what caused the problem in the first place, the solution is not the problem x100.

Indeed.