US economy - recovery beginning

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Hello list members,

 

The US stock market continues in recovery mode and most economists think a recovery of the economy is finally under way.

 

Survey: Most economists see recovery beginning

AFP – Mon Oct 12, 10:30 am ET

 

 

 

NEW YORK – More than 80 percent of economists believe the recession is over and an expansion has begun, but they expect the recovery will be slow as worries over unemployment and high federal debt persist. That consensus comes from leading forecasters in a survey by the National Association for Business Economics released Monday. "The survey found that the vast majority of business economists believe that the recession has ended but that the economic recovery is likely to be more moderate than those typically experienced following steep declines," said NABE President-elect Lynn Reaser, chief economist at Point Loma Nazarene University.

http://news./s/ap/20091012/ap_on_bi_ge/us_economic_recovery

 

At the same time, some investors remain suspicious of the ongoing rally in the stock market, which has brought the Dow Jones Industrial Average to over 9900 points. Some consider the recent rally at odds with the poor fundamentals of the economy. They evidently don´t agree with the economists!

 

We now have 's prediction for the remainder of the month of October. Apparently, there is some disconnect in the outlook for the financial market and it will be interesting to see what happens in coming days and weeks.

 

Thor