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Is it too early to say we've hit the bottom and the economic recovery has started?

It seems as if many folks are seeing the beginning stages of a recovery. Many people are talking about it. There appears to be a buzz in the air. Consumers are gaining confidence and spending again, the real estate market is getting better, the credit freeze has loosened up, companies are reporting profits, manufacturing orders are up, etc. The only thing that hasn't started to recover is the sorry job situation. So is it too early to say the recovery has begun?

Asked By: cannonball - 4/11/2009
Best Answer - Chosen by Asker
I recently saw an economist on TV who said that we'd only know for sure, AFTER we had pulled out of it, which I thought made sense... More
Answered By: tehabwa - 4/11/2009
Additional Answers (4)
yes yes it is you see we will not get better it will just keep getting worse sry to say it but those are the facts my guess is we finnaly strat to recover in 2020
Answered By: Tyler S - 4/11/2009
 
We'll see what happens in a week after some major companies disclose their Q1 earnings statements. I have a feeling that the bad news will dampen the market for a bit... More
Answered By: Delamothe - 4/11/2009
 
Don't worry, our governments wont be letting the economy recover anytime soon. Maybe once they've put us into debt for another few hundred years they'll stop, but I wouldn't count on it.
Answered By: slay247 - 4/11/2009
 
There might be a temporary recovery due to some people feeling more optimistic. But none of the main problems with the economy have yet been resolved. And any optimism about the economy will likely be short-lived... More
Answered By: Alvie - 4/11/2009
 
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