Data Not Looking Good For Economic Recovery

Jan 29th, 2010 Filed under: Economy — Economic Author

Recent reports are showing the economic recovery slowing. Things are not looking up for the near future, as President Obama will tell you, and we are probably not looking at a double dip, as the republic brass will state. But, it is beginning to look like this is in the new normal. With 1 in roughly 10 people currently unemployed, that’s not a good thing.

The biggest data issue here is the trends. None of the current data shows us near any kind of real upswing. Since last fall, when the market rebounded and a possible depression settled into the Great Recession, we have really struggled to see any real gains at all. Businesses that are making money right now are doing so through saving and cutting manpower. Outside of Apple and its iPhone and iPad, it is tough to find many businesses that have made significant headway through expansion and new products.

Most meaningful metrics show are pretty much flat lined for the past year and don’t project much higher in the near future. That is not a good sign for democrats, who have owned the presidency and congress for two years. They can only blame the last republican president/congress (rightfully so) for so long before the chickens come home to roost in their own yard.

Essentially, the nation’s politicians are on the clock. They have until Feb to see an uptick, or [another] change is likely coming. Of course, sometimes the new boss is a lot more like the old boss than anybody wants to admit.

-EW
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  1. One Response to “Data Not Looking Good For Economic Recovery”

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