2010: Same sh*t, different year? - Real Recovery
It's the first day back at work in the New Year and the question on my mind is "Are things finally going to get better?" Well, unfortunately, a year's end is a pretty artificial time marker. And it seems the economy knows that.
According to speakers at the annual American Economic Association conference prospects for a big recovery anytime soon are bleak. "'It will be difficult to have a robust recovery while housing and commercial real estate are depressed,' said Martin Feldstein, a Harvard University professor and former head of the National Bureau of Economic Research." Additionally, national unemployment is still at 10% (as of the end of November, albeit with a slight dip from the previous month).
But come on, it's the first Monday of the New Year. Let's not get all pessimistic yet! Wall Street (though I don't think it's a good economic indicator) jumped 1.5% today.
What other signs are you seeing out there? Optimistic or pessimistic? Give us your 2010 predictions and the small signals you're seeing where you live. Leave your comment over on Current News.
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According to speakers at the annual American Economic Association conference prospects for a big recovery anytime soon are bleak. "'It will be difficult to have a robust recovery while housing and commercial real estate are depressed,' said Martin Feldstein, a Harvard University professor and former head of the National Bureau of Economic Research." Additionally, national unemployment is still at 10% (as of the end of November, albeit with a slight dip from the previous month).
But come on, it's the first Monday of the New Year. Let's not get all pessimistic yet! Wall Street (though I don't think it's a good economic indicator) jumped 1.5% today.
What other signs are you seeing out there? Optimistic or pessimistic? Give us your 2010 predictions and the small signals you're seeing where you live. Leave your comment over on Current News.
Recently on the Current News Blog:
- Get to know Yemen: The new hot front in the war on terror
- China executes British national, flexes its diplomatic muscle?
- Five years since the tsunami
- Holiday news video round-up: Iran protests, British skiing and drinking, mud races
- How do you help Sebikotane, Senegal - Global Citizen Year
