Signs of a Better Economy?

Is the glass is half full or half empty? Or maybe the analogy does not work in this economy, because people simply want to know if we have reached the bottom of this bitter drink bad banks, real estate and busted redundancies. The answer seems so difficult to achieve a good analogy.

However, during the rally began with good news banks last month, and this trend seems to be accelerating. Wells Fargo & Co., said last week it expects a record result for the first quarter of 2009. This week, the reports of other major banks such as Citigroup Inc, Goldman Sachs Group Inc. and JPMorgan Chase & Co.

Wells Fargo $ 25 billion in the State Fund rescue, which is lower than other major banks. The bank loans a quarter to a high noise level of mortgages. The Associated Press reports that “Wells Fargo get over $ 190 billion in mortgage applications, an increase of 64 percent from the previous quarter. More than 40% of this amount came in March.”

Thus, in a good news for the banking and housing. Although most loan applications, are 25% for customers to buy new apartments. Wells Fargo’s CFO Howard Atkins said the AP, the government in its efforts to reduce interest rates and other programs, to the apartment devastated the economy. But he hesitated, his optimism. “It is premature to conclude the economy,” said Atkins. “All I can say that we see is a lot of companies.”

News There was mixed in the employment sector last week, with unemployment benefits, applications for more than expected, but there is still a record number of people, unemployment benefits. Subsequent to the AP, the economy and analysts and the Federal Reserve expect this trend will continue, as firms in the year adjusting to economic change.

Retail, on the other hand, has shown some signs of stabilization.
Subsequent to the AP, discounters such as Wal-Mart Stores Inc, a steady increase in profits. Although sales were for other retailers, falling lower than expected.
Thus, the bottom of the bitter drink for? “In times of economic difficulties, many Americans, to see if things improve. Indicators of level in the atmosphere of the Republic is not quantifiable,” said AP National Writer Ted Anthony recently.

It is still difficult to quantify, the number of stories, and nobody seems to want, with his neck and one hand to announce the end of the recession. While Anthony Goals, there are subtle signs that are better, he was ready to say something could be “less bad.”

According to Anthony, “figures from Gallup’s Consumer Mood Index 6 points for the week of April 5, in the fourth weeks an increase. The index is now as high as more than a year – marks, perhaps creeping up scholarship. And AP-GfK survey found, the number of Americans who think the country in the right direction, has more than doubled between October and February – 40 percent. Not that any good, of course. Just, good, is less serious. “