Spring has sprung, and the worst could be behind us | Rich Karlgaard
I had the good fortune to hear Rich Kaarlgard speak in January 2009 at the Grand Rapids Chameber of Commerce annual lunch. Rich is not only a very smart guy but an optimistic smart guy. I like what he is saying abou the the possibility that the recovery may be starting already. Check out this comment in his blog post:
"Scott Grannis, who writes in "The Recession Is Over":
I see lots of signs showing up that could well mark the end of the recession. Weekly unemployment claims have been flat for the past five weeks. Banks are still lending increasing amounts of money. Commodity prices, particularly energy and copper, are moving higher. Equities have been up for over two weeks from incredibly distressed levels. Leading indicators of financial stress, such as swap spreads and the VIX index, improved months ago."