“The More I Find Out, The Less I Know”
Optimistic Sign #11: Jobless Recovery
If the Conventional Economic Wisdom is that we’re in for a long painful recession, then things must be getting better.
Optimistic Sign #6: Housing Starts Bottoming?
Housing starts can’t go below zero, can they?
Optimistic Sign #5: Retail sales bottoming?
The bottom isn’t falling out. Does that mean there’s a bottom?
Optimistic Sign #4: Wholesale Used Vehicle Prices Rebound
People seem to be buying used cars again.
Optimistic Sign #2: Buying a Suit
High-end men’s clothing as a leading economic indicator.
Optimistic Sign #1: Media Defaults to Pessimism
The bottom of the recession is when everyone starts thinking that things will keep getting worst for a very long time.