An “optimistic take”

The Capital Spectator gives a positive spin:

In short, it’s all but certain now that 2012 escaped recession. That’s no surprise, of course. A broad reading of the numbers all along has routinely told us that the economy’s momentum was firmly in the positive column, as CS-ETI has shown for months. Yes, the data points for personal income and spending numbers for December are yet to come. And there’s always the potential for data revisions that paint a far darker cyclical picture. Anything’s possible, as always. Based on the available numbers, however, the case is quite firm for expecting that the final analysis on the business cyclical history for 2012 will declare the year as one that was recession-free.

Although we´re “squarely depressed”

squarely depressed_1We´re happy to have avoided a “recession within a depression”!

squarely depressed_2


2 thoughts on “An “optimistic take”

  1. I bet you’d like this article on Bloomberg:Oil Surges to Four-Month High on U.S. Growth
    “Oil advanced to a four-month high after U.S. builders broke ground on more houses than forecast and jobless claims dropped to a five-year low, bolstering optimism for the economy… Applications for jobless benefits decreased by 37,000 to 335,000 in the week ended Jan. 12, the fewest since January 2008. Economists forecast 369,000 claims, according to the median estimate in a Bloomberg survey.”
    Someone forgot to tell them that the recession started in 4Q 2007. It makes a very sad statement about the recent past when recession level jobless claims are cheered.

    And here’s a link to the article:

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