Skip to comments.4 Reasons to Be Optimistic About 2011
Posted on 12/03/2010 7:04:21 AM PST by SeekAndFind
Large corporations have the means and motive to hire. Small companies are starting to see credit thaw to help them buy new machines and new workers. Consumers are opening their wallets, and leading indicators are looking up. Heck, Goldman Sachs is getting excited about the next two years, shouldn't you?
Yes, you should!
But if the recovery is ready to fly, there are some important strings holding it down. We still don't know what taxes will look like in 2011. We still don't know if the Euro zone will implode in 2011. We still don't know what the US housing market will do in 2011. Yes, there's enough cold water to douse our optimism with harsh reality. But let's count the reasons to be hopeful for the new year.
1. Big Corporations Are Ready To Hire
We added more jobs in October -- 160,000 net gain -- than any month in half a year. And there's reason to think healthy hiring will continue into 2011. Why?
2. Small Companies Are Ready to Invest
Economists see glimmers of hope in the struggling small business scene, with warming credit conditions feeding pent-up demand for capital goods (machines used to build other goods) and workers.
3. Consumers Are Ready to Consume
The holiday season is make-or-break in retail, and 2011 is off to a roaring start. Holiday hiring in retail is the best in four years. Black Friday online and in-store shoppers increased 9 percent over 2009, according to two reports. Web spending in November rose 14 percent on the Friday and Saturday after Thanksgiving, and Monday was a record day for online sales.
4. Green Shoots Everywhere! (If You Ignore Housing)
Across the board, monthly indicators for companies and consumers are looking up.
(Excerpt) Read more at theatlantic.com ...
Green Shoots? When did I hear that before?
Maybe the economy will pick up just enough to get Obama re-elected.
it seems pretty obvious that the Drug Testing programs for journalists is an abject failure. Either share the drugs with the rest of us so we can see what you see, or stop Taking them so you will see what we see.
Ummm, jobs numbers were out this morning... NOT good.
RE: Maybe the economy will pick up just enough to get Obama re-elected.
That worked quite well for Clinton in the 1990’s. The main difference I see is this -— Clinton learned is lesson from the 1994 shellacking. He listened to Dick Morris and TRIANGULATED.... talking liberal while actually signing off on many of the Gingrich congress’ bills ( remember Welfare Reform? The Capital gains tax cuts? Those were not his initiatives).
Obama is too much of an ideologue to do that.
It would be nice if they would share but my fear is it's just liberal kool aid...
They'll be a LOT better soon.
600,000 people just fell off the end of their unemployment benefits, instantly converting them from unemployed U-3s to non-person U-6s.
nully, who has been a non-person since mid 2008...
the optimists scare me.
They’re all smoking crack.
What the Federal Reserve is up to, and how we got here.
Quantitative Easing Explained
Strings?! More like suspension bridge cables with this administration running things!
Good one null - looks like dems who feed The Atlantic, jumped the gun by a month. What a hoot.