Recession Is Over According to Financial Experts

[sabra]

Source: ABC News

Improving Housing Market, Leading Economic Indicators Makes Experts Optimistic

There is a growing belief among financial experts that the recession is over.

Barry Knapp, a strategist at Barclays Capital, wrote recently that the economy appears "to be in the sweet spot of a recovery" and that the recession may have ended last month, according to Bloomberg News.

Liz Ann Sonders, chief investment strategist at Charles Schwab, said on "Good Morning America" today that she agrees with that conclusion.

"It isn't any brilliant prescience on mine or anybody else's part," Sonders said. "There's certain indicators we can look at to set the turn, and I think we have seen that turn."

Sonders warned that unemployment is a lagging indicator and, historically, employment figures don't begin to recover until six months after the end of a recession. That means that this time around, unemployment likely won't peak until the end of this year.

Read more: http://abcnews.go.com/Business/Economy/story?id=7564649&page=1

[Systematic Chaos]

1. In other news, the Depression Has Started According to People With a Clue

:banghead:

[Fovea]

6. Yes. We do what we have to

to keep the Sucker Bull market long enough for the cognoscenti to get the hell out.

[bemildred]

2. So Obama's strategy worked? nt

[joeybee12]

3. Let's see, the same people who didn't see it coming, now say it's over?

Color me jaded.

[Betty]

4. It's not over for me or most of the people I know

that is pure bullshit.

[azmouse]

5. I'll believe it when I actually see it.

I find it hard to believe that all the shit has hit the fan. Too much we don't know yet about how this recession came about to say we're headed out of it.

[Xipe Totec]

7. Are these the same experst that didn't see the crisis coming? n/t

[bdamomma]

8. have these "Financial Experts" seen what Americans are doing

or not doing.

[Cass]

9. You need jobs to get the economy going again.

It just floors me that there is not more attention being paid to job loss in this national discussion of the economic crisis. How do they expect people to go out and spend money if they don't have any because they are not working?

So, no, I don't buy into the notion that the recession is over. Not by a long shot.

[ConcernedCanuk]

10. That's correct, the Recession is over, it's a full blown(albeit disguised) Depression!

.
.
.

Recovery my ass -

Even my wee town of 2,000 and surrounding tinier townships are affected -
BOTH sawmills shut down within the last 6 months.

And we are a lumber community

We ain't seen nothing yet

Ask the Food Banks

They KNOW!

[Journeyman]

11. Nothing like a little Bokonist "foma" to start the morning. . .

"Foma" is a term in the fictional Bokononist religion in Kurt Vonnegut's novel Cat's Cradle. It is a comforting lie that has value independent of its truth (or lack there of) -- "prosperity is just around the corner," "the economy appears to be in the sweet spot of a recovery."

[The_Commonist]

12. The recession is over...

...for those who chose not to participate!

http://crooksandliars.com/john-amato/cheneys-man-limbaugh-mocks-recession-wh

LIMBAUGH: "I’ve never had financially a down year. There’s supposedly a recession ...I always believed that if we’re going to have a recession, just don’t participate."

[biermeister]

13. for the people that got bailed out- it's over

for the people doing the bailing out- it hasn't even begun yet.

[KansDem]

14. Now that the last TARP check cleared...(nt)

[Old Hob]

15. It may or may not be be over for Wall street but guess what? Main street is still FUCKED.

[2Design]

16. ROFLMAO n/t

[katty]

17. yeah, haha - good one, more fairytales

[Birthmark]

18. The same expertst that saw this coming no doubt.

My prediction: Look for more "surprised economists" in the near to medium term.

[truthisfreedom]

19. Why are they feeding this to the sheeple? Does the stock market need more suckers?

Is it simply a shortage of day traders?

[Xithras]

20. "Recession" is a decline in the economy. They may be right, but that doesn't mean we're better off.

There are indeed many indicators saying that our economy isn't declining any longer, but there are NO strong indicators that it's climbing either. We could skate along here at the bottom for months or years without any improvement, but we won't be in a "recession" so long as the economy doesn't decline any further.

While an end to the decline is a good thing, we really need ECONOMIC GROWTH to put the unemployed back to work.

[One_Life_To_Give]

22. Growth off the bottom will be slow

Everybody is looking for the indicators to show growth before buying/hiring. And if noby buy's/hires the indicators can't move up.

[hunter]

21. A couple more rounds with $100 barrel oil will pretty much kill that fantasy.

This economy may stagger back onto its feet a few more times, but Mother Nature always beats down the novelty acts.

She's been doing it for billions of years. We're nothing new.

[htuttle]

23. Everyone Keep Clapping or Tinkerbell will DIE!!!!

[benld74]

24. The PipeDreams are under the bed Mr. Barclay

[Blandocyte]

25. Wooo hooo!

Great news! I'd buy something to celebrate that news if I had any $ to do it with.

[sarcasmo]

26. They don't live in Michigan, Indiana or Ohio.

[CrawlingChaos]

32. or California (n/t)

[Xolodno]

27. Meh....

I have a piece a paper that says I should know something about economics.

The article is very misleading and spun with a very optimistic tone.

Sifting through all the journalistic creativity and sensationalism...in other words the bullshit, the economy may have finally stopped contracting. I other words, we may have finally hit bottom.

Recovery on the other hand, is a whole different beast...think I read somewhere they were predicting a full recovery of the neighborhood of five to ten years? That's a long ass recovery....you may find a job, but it may be five to ten years before your making what you used to?! Five to ten years before your upside down mortgage (like mine) will be no longer be upside down?

[high density]

28. How do we recover when our economy is consumer-based and at least 10% don't have a job?

:crazy:

I'm sure everybody is happy to see their 401k balances bounce up a bit, but the S&P 500 index is not the economy.

[ChromeFoundry]

29. Where are they buying their drugs and sunglasses? n/t

[CatholicEdHead]

30. What are they on?

I would like some of that. :sarcasm:

[Old Hob]

31. So,I guess 6 months from now, the 6-10 million lost jobs will just...return. Cool. Can't wait.

and just in time for the holidays too.