Major Indicators Show Recession is Over
Brian S. Wesbury & Robert Stein, First Trust Advisors | May 6, 2009
Economic indicators show that the recession in the US could end as early as this month. ++ Consumer spending has increased, and claims for unemployment insurance have peaked. ++ Container imports and exports are both up at two major ports. ++ A bottom has most likely been reached forhome sales and housing starts. ++ More jobs may be still be lost, and there will be more defaults,foreclosures and financial market problems too. ++ But none of these are leading indicators. ++ "In our view, there are no more shoes to drop".
