We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

Positive 4th Quarter Economic Data Does Not Necessarily Signal A Turnaround

December 22, 2011: 02:28 AM EST
Positive economic data released recently on jobless benefits claims, new home construction, and small business confidence are sparking optimism among investors, economists and policy makers. But, The New York Times warns, that optimism should be laced with a dose of caution. The positive economic signs may be caused by “temporary factors,” and some economic forecasters say the uptick does not signal “a strong, sustainable recovery.” Why the pessimism? Positive trends in the fourth quarter may not continue into next year, and the U.S. economy is still facing some major unsettling forces: Europe’s persistent sovereign debt crisis, domestic cutbacks beyond the control of President Obama, and the fact that the unemployment rate is likely to hover around 8.6 percent through next year’s presidential election.
Annie Lowrey, "Signs Point to Economy's Rise, But Experts See a False Dawn", The New York Times, December 22, 2011, © The New York Times Company
Fear & Security
North America
United States of America
Companies, Organizations
Legal, Legislation, Regulation, Policy
Market News
Developed by Yuri Ingultsov Software Lab.