Fed survey shows US recession may be over

Seattle Times ^ | 09/09/09 | Jennine Aversa

[AngelesCrestHighway]

Economic activity is stabilizing or improving in the vast majority of the country, according to a new government survey, adding to evidence that the worst recession since the 1930s is over. The Federal Reserve's snapshot of economic conditions backs predictions by Fed Chairman Ben Bernanke and most other analysts that the economy has started to grow again in the current quarter. In the survey released Wednesday, all but one of the Fed's 12 regions indicated that economic activity was "stable," showed "signs of stabilization" or had "firmed." The one exception was the St. Louis region, which continued to report that the pace of decline in economic activity appeared to be "moderating." Looking ahead, businesses in most Fed regions said they were "cautiously positive" about the economic outlook.

[AngelesCrestHighway]

So everything is peaches and cream according to our government?.....

[Jenny217]

Well, I’ll give it a try. . . What a load this report is. From where I sit it is getting worse not better. Just saying it is so, does not make it so, no matter how many times they repeat it. Their credibility is gone, gone, gone.

[Popman]

Of course the recession is over my unicorn just started pooping out rainbow skittles

< / S. >

[dljordan]

“Of course the recession is over my unicorn just started pooping out rainbow skittles”

I’m being sprinkled with Pixie Dust ask I type.

[sergeantdave]

Well, managed to land a small contract today to get me thru autumn, no thanks to the criminal fascist syndicate occupying Washington. As far as I’m concerned, if terrorists blow up the thugs in Washington, I’ll send a thank you note.

No crying for dead liberal fascists. They aren’t Americans. And for all you predictable RINO poodle-loving, French surrender monkeys who find my words offensive...I don’t care what you think. Go see a surgeon about treatments for anal restrictive tight-buttitis to pop your head out of your nether regions.

Hello, McCain, Snowe, Spectre...The doctor is calling. (I mean how the hell can McCain suffer torture delivered by communists for five years in ‘Nam and support the same communists here in America? It puzzles me.)
.

[karnage]

I would laugh heartily, but I don’t have the time. Because I need a job. And that ain’t no joke!

[karnage]

Yes, the Recession is over.
The Depression has begun.

[Popman]

I can tell you the economy has probably bottomed out. I work with people who are on the front lines of the recession, people who own and fill vending machines, soda machines, food machines. Their sales are down about 30 % verses a year ago down due to layoffs, business closing, brown bagging, lack of future security.

Beleive me, if a company had 250 employers and now have 150 employees, the remaining ones aren't forking out money to buy a snickers and a coke because they don't know if they will have a job next week.

Some of these vending people are reporting the manufacturing businesses they serve are starting to rehire a few people, very few, which tells me companies are more confident that costs will be stable and feel it OK to incur a little bit more labor cost

We are a LONG way off from a recovery which is an entire different thing

[Rebelbase]

We are in a “recovery” until the next shoe drops.

[Rebelbase]

“Some of these vending people are reporting the manufacturing businesses they serve are starting to rehire a few people, very few, which tells me companies are more confident that costs will be stable and feel it OK to incur a little bit more labor cost”

Or the companies were a bit overboard on the layoffs and are now making up the difference out of necessity.

[RipSawyer]

I’m having free Bubble-Up and Rainbow Stew! Tomorrow I’m hiking up to the Big Rock Candy Mountain!

[Freedom_Is_Not_Free]